Examlex
In the figure below,which of the following is true?
Mitigate Damages
Refers to the legal principle requiring a party to reduce their losses following a breach of contract.
Equitable Remedy
Judicial relief granted based on principles of fairness, including actions like injunctions and specific performance, as opposed to monetary damages.
Breach of Contract
An act of failing to fulfill the duties agreed upon in a contract, leading to legal ramifications for the party in breach.
Creditor
An individual or organization that is owed a financial debt or obligation by a debtor.
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