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Management Studies

Question: Shurgard Storage Center leased space to Lipton with an option for Lipton to purchase the property at a stated price. By mistake, the purchase price inserted was half what it should have been and half the value of the property. When Lipton attempted to exercise the option and buy the property at the contract price, Shurgard went to court, stating that the provision was unconscionable and that the lease be changed to reflect the true price. Is Shurgard entitled to the relief requested? (Shurgard Storage Centers v. Lipton-U, City, LLC, 394 F.3d 1041)

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Management Theories, Management Studies

Category:- Management Theories
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