In order for a firm to recover lost profits in a breach of contract, the firm must produce credible evidence that it would have made such profits.

Question

Quizplus · Accepted Answer

This is because the firm has to prove that they suffered losses as a direct result of the breach of contract, and that these losses can be quantified through credible evidence such as financial records or expert analysis. Without such evidence, it would be difficult for the firm to recover lost profits.

In Order for a Firm to Recover Lost Profits in a Breach