Jobel Shopperstown Associates, Inc. v. A.I.J.J. Enterprises, Inc.

sachusetts and elsewhere real estate. One of the properties is a shopping mall located in Rhode Island. One of the tenants of the mall, Morse Shoe, Inc., requested that its leasehold rights and obligations be assigned to a New York corporation. The defendant, AI J.J., the parent company of the new tenant, undertook to guarantee the future rent presumably as a inducement to plaintiff to accept the assignment. Following executing the guarantee, the plaintiff consented to the assignment. The rent has been delinquent since November of 1996. The defendant has undertaken to guarantee the lease…