Which Form of Damages Can Have the Effect of Reducing

question 70

Multiple Choice

Which form of damages can have the effect of reducing the liability of the party guilty of a breach of contract?

• A) Incidental damages
• B) Consequential damages
• C) Liquidated damages
• D) Mitigated damages

---

Definitions:

Time Available

The amount of time one has free for activities beyond commitments like work or sleep; may refer to leisure or additional productive time.

Related Goods

Products or services that are either complements (used together) or substitutes (used in place of one another) affecting each other's demand.

Price-Inelastic Demand

A situation where the demand for a good or service is relatively unaffected by changes in its price.

Household Budget

a financial plan that allocates future personal income towards expenses, savings, and debt repayment.