Where One Party Breaches a Contract, the Other Party Is

question 28

Multiple Choice

Where one party breaches a contract, the other party is under an obligation to 'mitigate' their loss.This means the other party:

• A)is obliged to take all reasonable steps to minimise their loss.
• B)has no duty to take any positive action to avoid future harm arising from the breach.
• C)must provide the party in breach with all necessary records and information relevant to quantification of their loss and damage.
• D)must do whatever is necessary to minimise loss arising from the breach.

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Definitions:

U.S. Military

The armed forces of the United States, responsible for defending the country against external threats and ensuring national security.

Mao Zedong

The founding father of the People's Republic of China, ruling from its establishment in 1949 until his death in 1976, known for his communist policies and the Cultural Revolution.

People's Republic of China

A sovereign state in East Asia, known as the world's most populous country, governed by the Communist Party of China.

Chinese Civil War

A conflict between the Communist Party of China and the Nationalist Party (Kuomintang) from 1927 to 1949, leading to the establishment of the People's Republic of China.