What Does the Term "Mitigation" Refer to in Connection with Damages

question 79

Multiple Choice

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 non-breaching party to make reasonable efforts to reduce damages
• E) the requirement of the non-breaching party to allow the breaching party one final chance to perform the contract before being entitled to collect damages

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Definitions:

Directors

Directors are individuals elected by the shareholders of a company to govern and make decisions on behalf of the corporation, overseeing its overall strategy and management.

Creditors

Individuals or institutions to whom money is owed.

Duty

A legal or moral obligation to do something or to refrain from doing something.

Creation

The action or process of bringing something into existence, often referred to in various contexts such as art, invention, and religious narratives.