Which of the Following Statements Is True of Mitigation of Damages

question 32

Multiple Choice

Which of the following statements is true of mitigation of damages?

• A) The breaching party must make efforts to mitigate damages resulting from the breach of contract.
• B) If an employer breaches an employment contract, he or she owes a duty to mitigate damages by trying to find substitute employment for the employee.
• C) The extent of mitigation of damages required is common to all kinds of contracts.
• D) If an employer breaches a contract, the employee is only required to accept comparable employment.

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Definitions:

Direct Exporting

The process by which a company sells its products directly to buyers in a foreign market without the use of an intermediary.

Antidumping Duty

A tariff imposed by a government on imported goods thought to be priced below fair market value to protect domestic industries.

Tariff

A tax on imported goods.

Just Compensation

The fair market value that must be paid for property taken by the government for public use, as guaranteed by the Fifth Amendment.