Meinhard vs. Salmon: Court of Appeals of New York–1928 Harvard Case Solution & Analysis

Maynard and salmon were joint entrepreneur, was a 20-year lease on the Hotel Bristol in New York. Salmon was the managing party. Four months before the lease was due to expire, the owner came salmon and offer to rent the whole property, including Bristol was only 25% of it. The project was required significant capital expenditures, increase in rent is about six times over the previous lease, and the lease term, which can be up to 80 years with possibility of extension. Salmon kept this to myself. Maynard wanted to participate. Salmon refused to "Hide
by Henry B. Reiling Source: Harvard Business School 4 pages. Publication Date: January 5, 1998. Prod. #: 298079-PDF-ENG

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Meinhard vs. Salmon: Court of Appeals of New York–1928

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