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Mr Twaddle decided to acquire a sushi bar business. He borrowed heavily to purchase the business. The business was
Mr Twaddle decided to acquire a sushi bar business. He borrowed heavily to purchase the business. The business was
located in the premises leased from the landlords, who happened to be PipPop. The lease of the premises was due to expire but it contained an option to renew, which Mr Twaddle knew about. Nevertheless, after Mr Twaddle took over the business from the seller of the sushi bar, he failed to exercise the option to renew the lease. As a consequence, he was left with the prospect of substantial loss. PipPop initially refused to extend the time for the exercise of the option. However, after negotiations, PipPop agreed that they would extend the option for a sum of $50,000. Mr
Twaddle made the payment in protest and then renewed the lease. Mr Twaddle knows that you are studying Commercial Law and comes to you for advice as to whether he has a strong case against PipPop for unconscionable conduct.
Advise Mr Twaddle.
