Which of the Following Does the Concept of Mitigation of Damages

question 49

Multiple Choice

Which of the following does the concept of mitigation of damages require?

• A)The party who breached the contract must pay the difference between what the innocent party received and what he should have expected to receive under the contract.
• B)The parties to the contract must self-insure for any potential risks under the agreement.
• C)The innocent party to the breach of contract must take reasonable steps to limit or minimize its losses.
• D)The innocent party must deduct normal expenses incurred to earn profit from the gross income.
• E)Both A and C