SUMMARY ON CASE "ARGUS INCORPORATED: A LEASE TRIANGLE"

This case is all about Susan Solomon who was the computer manager and working with ARGUS Corporate. She was working under his senior manager Craig - who was efficient in strong managerial abilities and he has a thorough knowledge of the company business. He hired susan because of her technical background and active participation in technology. so they both decided to work together to earn better results and to make Argus the leader in the market.
During her office hours, Susan get a phone call from Mr. Hayes that he hasn’t received his monthly lease payments. this event made Susan confuse. They Terminated The TEK USA lease eight months earlier and for this lease Argus has to give Rupees 380000 and tell TEK USA to return the Equipment.
Mr. Hayes claimed that he had bought the lease rights from TEK USA ,more than a year ago. so for terminating the lease he should get the payment and old equipment. He said that TEK USA was required by the lease agreement to notify Argus if any portion of rights were assigned to a third party and if the notice of assignment has been send by TEK USA, So Argus had made a mistake and if not so TEK USA will be responsible. so Susan took TEK USA contract file and saw the agreement. she was surprised to see the invoice generated by TEK USA in which it clearly written that TEK USA was transferring the rights to the lease payments and equipment to Mr. Hayes and it was addressed to Craig and dated just a year ago. so Susan realized that she has negotiated early termination with the wrong party. TEK USA had destroyed the equipment and now Argus have to pay the payment again. suddenly they realized that TEK USA was in a financial crisis and they lay off their 300 employees so asking money from them will be useless. and Mr. Hayes will ask its equipment compensation so this was all