Farmer Elvin is holding 200 pounds of potatoes in storage for Chef Noble but Chef Noble has breached the contract by failing to pay for the potatoes.If Farmer Elvin sells the potatoes to a local diner to make potato soup and salad,then this action would be considered a(n)

Question

Quizplus · Accepted Answer

Reasonable mitigation of damages refers to the actions taken by the injured party (Farmer Elvin in this case) to minimize the loss caused by the breach of contract. By selling the potatoes to the local diner, Farmer Elvin is making an effort to reduce his losses, which is a reasonable action in such a situation.

Farmer Elvin Is Holding 200 Pounds of Potatoes in Storage