The recovery of lost profits by the seller provides reimbursement for costs the seller incurred in gearing up for contract performance.

Name: The recovery of lost profits by the seller provides reimbursement for costs the seller incurred in gearing up for contract performance.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The recovery of lost profits by the seller is not simply an award of damages, but rather a reimbursement for costs incurred in preparation for the contract that would have been recouped through contract performance.

The Recovery of Lost Profits by the Seller Provides Reimbursement