What does the term "mitigation" refer to in connection with damages?
A) The calculation of lost profits in determining damages.
B) The duty of the breaching party to make a damages payment as soon as practical.
C) The combination of the different kinds of damages into a single dollar amount.
D) The duty of a nonbreaching party to make reasonable efforts to reduce damages.
E) The requirement of the nonbreaching party to allow the breaching party one final chance to perform the contract before being entitled to collect damages.
Correct Answer:
Verified
Q41: George,an employee,breaches a fixed-term employment contract by
Q43: The general requirements for a liquidated damages
Q44: Under which kind(s)of performance by the other
Q45: Which of the following types of damages
Q47: Damages that are fixed in the contract
Q48: Another term for consequential damages is:
A)Special.
B)Remedial.
C)Liquidated.
D)Nominal.
E)Distinguishable.
Q49: When a client breaches a contract with
Q50: When the other party commits an anticipatory
Q51: What are liquidated damages in connection with
Q81: What distinguishes an anticipatory breach from other
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents