Which of the following does the concept of mitigation of damages require?
A) The party who breached the contract must pay the difference between what the innocent party received and what he should have expected to receive under the contract.
B) The parties to the contract must self-insure for any potential risks under the agreement.
C) The innocent party to the breach of contract must take reasonable steps to limit or minimize its losses.
D) The innocent party must deduct normal expenses incurred to earn profit from the gross income.
E) Both A and C
Correct Answer:
Verified
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