Question: 1- Why does the law impose a duty on the nonbreaching party to mitigate damages? 2- Do you think that is realistic to ask the

1- Why does the law impose a duty on the nonbreaching party to mitigate damages?

2- Do you think that is realistic to ask the nonbreaching party to minimize the loss?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Law Questions!

Q:

Frank and Teresa are minority shareholders in XYZ Ltd. They are unhappy with Pedro and Jonson, the majority shareholders and directors of the company. They feel that the company's affairs are not...

Q:

1- What is mitigation of damages? 2- Why does the law impose a duty on the nonbreaching party to mitigate damages? 2- Should businesspeople be bound to their oral word? Why or why not? Support...

Q:

The contract duty to mitigate damages: requires the branching party to minimize the effect of the breach on the non-breaching party. only applies if the non-breaching party requests an equitable...

Q:

The contract duty to mitigate damages: requires the breaching party to minimize the effect of the breach on the non-breaching party. only applies if the non-breaching party requests an equitable...

Q:

The contract duty to mitigate damages: requires the breaching party to minimize the effect of the breach on the non-breaching party. only applies if the non-breaching party requests an equitable...

Q:

ASSIGNMENT FIVE CHAPTER FIFTEEN/CONTRACTS: MISTAKES, FRAUD, AND VOLUNTARY CONSENT To this point in the text, you have studied how a contract comes into existence, when a contract will not be enforced...

Q:

Basic business law true or false questions True/False Indicate whether the sentence or statement is true or false. 1) Damages in contract law are designed to compensate a non-breaching party for the...

Q:

Third Party Rights, Discharge, Breach of Contract, & Remedies THIRD PARTY RIGHTS AND DISCHARGESometimes in contract law, someone else has rights to the contract even though they are not a party to...

Q:

What is the rationale behind the law's prohibition on a court ordering "specific performance" as a remedy for a breach of a "personal services" contract? Do you agree or disagree with this rationale?...

Q:

Please help me with this question and I won't copy paste it. I'll write it in my own words just help understand the answer...

Q:

Linda Miller rented 35 acres of pastureland in Wabaunsee County, Kansas, from William Burnett for $1,000 per year. Miller and her husband used the land to grow and harvest brome grass for their...

Q:

Chris makes 5 pillows that are 12 inches by 12 inches each. Decorative cording is sewn all the way around each pillow. If the cording costs $1.97 per yard and you can purchase a part of a yard, how...

Q:

H Co is considering purchasing a new machine to alleviate abottleneck in its production facilities. At present, it uses an oldmachine which can process 8,000 units of Product P per week. H...

Q:

During the month, a VAT-registered person made a single sale of goods to a government agency for PhP504,000, inclusive of output VAT. These goods were purchased for PhP336,000 including PhP36,000...

Q:

Find the volume of rotated gaussian about z-axis in cylindrical poler coordinate?

Q:

True or False? The increased diffusion of information and communication\ technologies (ICT) in firms has made a decentralised organisational structure\ more efficient. As such, firms pursuing a cost...

Q:

A bundle of pipes consists of N pipes. Diameter of each pipe is d. This bundle opens into a large pipe with a diameter of D. An incompressible fluid passes through the system. Analyze this system...

Q:

9 Replacing people who quit can be expensive. True O False

Q:

Explain why skills training programs are important for the long-term vitality of organizations.

Q:

What is meant by the term onboarding? Is this different than orientation? If so, how so? If not, why not?

Q:

What three things do organizational insiders have to help them interpret organizational events that newcomers lack? How can organizations help newcomers gain these things?