—and the same ruling applies whether the lease concerns a designated animal or is a liability-based lease, provided the animal delivered conforms to the agreed description.

In a defective lease, the going market rate becomes fixed whenever the named rent would have become fixed in a sound contract.

If a man rents out a property for a specified term but fails to hand it over until the term has passed, the lease is void. By contrast, if no term was stipulated and the animal was hired for a journey to a particular place, yet the animal is not delivered until enough time for that journey has elapsed, the stronger opinion is that the lease is not voided.

Should someone hire out his slave and then emancipate him, the sounder view is that the lease remains valid and that the freedman has no option to cancel it. The more apparent position is that he may not claim from his former master the rent accruing after emancipation.

It is valid for the lessee to purchase the leased asset, and—according to the sounder view—the lease is not dissolved thereby. Likewise, if the owner sells the asset to someone else, the sale is valid in the stronger opinion, and the lease remains in force.