The Costs or Losses an Injured Party Avoids by Not

question 20

True/False

The costs or losses an injured party avoids by not having to perform are not figured in the computation of damages.

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Definitions:

Breaches

Instances of violation or non-compliance with laws, regulations, contracts, or standards.

Agency Agreement

A contract between two parties where one (the agent) agrees to represent or act on behalf of the other (the principal) in business dealings.

Avoid

To keep away from or refrain from engaging in something, often due to potential risks or negative outcomes.

Equal Dignity Rule

A rule requiring that an agent’s authority be in writing if the contract to be made on behalf of the principal must be in writing.