Question

The Case of Left Holding the Lease Erica has a problem. In the spring of her first year of college, she and her friend Shira found a two-bedroom apartment to share for the upcoming school year. The apartment was on the expensive side, but they decided that it was worth it because it was so close to campus. She and Shira jointly paid the security deposit on the apartment. However, because Shira wasn't around when it came time to sign the lease, only Erica signed it. Consequently, Erica is legally responsible for fulfilling the terms of the lease. Now, only two weeks before the start of the fall term, Shira has told Erica that she has realized she can't afford the rent and that she has decided she has to live with her parents. Erica is simultaneously furious with Shira and panicky at the thought of having to pay the rent by herself. How is she going to deal with the problem? 1. Is the problem a purely financial and legal one, or are there personal and social considerations that should be taken into account in solving the problem? 2. Is the problem solely Erica's problem, or should Shira take responsibility for solving it as well? 3. What alternatives does Erica have for dealing with the situation? 4. How should Erica go about evaluating the outcomes for each alternative? 5. Based on your analysis of the problem, what advice would you give Erica for dealing with the situation?

          The Case of Left Holding the Lease
Erica has a problem.
In the spring of her first year of college, she and her friend Shira found a two-bedroom apartment to share for the upcoming school year. The apartment was on the expensive side, but they decided that it was worth it because it was so close to campus. She and Shira jointly paid the security deposit on the apartment. However, because Shira wasn't around when it came time to sign the lease, only Erica signed it. Consequently, Erica is legally responsible for fulfilling the terms of the lease.
Now, only two weeks before the start of the fall term, Shira has told Erica that she has realized she can't afford the rent and that she has decided she has to live with her parents. Erica is simultaneously furious with Shira and panicky at the thought of having to pay the rent by herself. How is she going to deal with the problem?
1. Is the problem a purely financial and legal one, or are there personal and social considerations that should be taken into account in solving the problem?
2. Is the problem solely Erica's problem, or should Shira take responsibility for solving it as well?
3. What alternatives does Erica have for dealing with the situation?
4. How should Erica go about evaluating the outcomes for each alternative?
5. Based on your analysis of the problem, what advice would you give Erica for dealing with the situation?

The Case of Left Holding the Lease
Erica has a problem.
In the spring of her first year of college, she and her friend Shira found a two-bedroom apartment to share for the upcoming school year. The apartment was on the expensive side, but they decided that it was worth it because it was so close to campus. She and Shira jointly paid the security deposit on the apartment. However, because Shira wasn't around when it came time to sign the lease, only Erica signed it. Consequently, Erica is legally responsible for fulfilling the terms of the lease.
Now, only two weeks before the start of the fall term, Shira has told Erica that she has realized she can't afford the rent and that she has decided she has to live with her parents. Erica is simultaneously furious with Shira and panicky at the thought of having to pay the rent by herself. How is she going to deal with the problem?
1. Is the problem a purely financial and legal one, or are there personal and social considerations that should be taken into account in solving the problem?
2. Is the problem solely Erica's problem, or should Shira take responsibility for solving it as well?
3. What alternatives does Erica have for dealing with the situation?
4. How should Erica go about evaluating the outcomes for each alternative?
5. Based on your analysis of the problem, what advice would you give Erica for dealing with the situation?

Added by Manuela V.

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