Issue
The legal issue in this case is whether the proposed tenant (Newark & Co Real Estate Inc.) and the landlord of 2615 east 17 Street Realty LLC has violated the provisions under the Statute of Frauds by submitting counterproposals to the offers that they received from each other. For the record, both of the two parties submitted their respective counteroffers to the opposing party and it is presumed that no agreement has been made following the submission of each counterproposals.
Rule
A good example of a case wherein one party has been sentenced as a result of violating the Statute of ...