Problem 2 On advice of counsel, Dr. Thompson decided to sign a lease with St. Vincent's Hospital while she uses their space. The agreement is in...

Problem 2

On advice of counsel, Dr. Thompson decided to sign a lease with St. Vincent's Hospital while she uses their space. The agreement is in writing and signed by Dr. Thompson and St. Vincent's CEO. The term of the agreement is for one year and three months. Dr. Thompson and her friend, the CEO, agree that the lease price will be $5,000 for the first month but that they will renegotiate the price each month. Additionally, the space used by Dr. Thompson has much more space than she needs, but the CEO wants to make her feel comfortable.