The Rule of Mitigation of Damages Requires That a Party

question 6

Multiple Choice

The rule of mitigation of damages requires that a party injured by a breach of contract must:

• A) take any and all steps possible to reduce the damages that will be sustained because of the breach.
• B) discharge the contract before filing suit for breach.
• C) hire someone else to perform the contract.
• D) take reasonable steps to reduce the damages that would otherwise be sustained because of the breach.

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Definitions:

Assets

Economic resources or owned items of value that an individual, company, or organization possesses.

Profits

The financial gain obtained after subtracting expenses from revenue in a business operation.

Syndicate

A group of individuals or organizations combined to undertake some specific business venture or share the risk in investments.

Professional Soccer

Professional Soccer refers to the sport of soccer played at a professional level, characterized by athletes who receive payment for their performance and skills in the game.