The Concept of Remoteness

question 51

Multiple Choice

The concept of remoteness

• A)allows recovery for losses that were not reasonably foreseeable.
• B)is related to the risks that the parties accepted when they created their contract.
• C)always applies if the plaintiff mitigated the loss that was caused by the defendant's breach.
• D)is based on facts that the defendant knew,or should have known,at the time of committing the breach of contract.
• E)applies only if the plaintiff's loss was caused by a combination of the defendant's breach and the actions of a third party.

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Definitions:

Dissolved

The process of formally ending or terminating a legal entity or agreement.

Winding Up

The process of liquidating a company's assets and distributing the proceeds to creditors and shareholders, effectively closing the business.

Optimize Return

To make adjustments or take actions that maximize the benefits or profits gained from an investment or activity.

Dissociates

The act of separating or detaching oneself from a legal, business, or personal relationship.