Asked by
SAMSON, KARYNA ANNE
on Nov 30, 2024Verified
When a breach of contract occurs, the nonbreaching party is required to take reasonable steps to lessen or mitigate the damages that he may sustain.
Mitigate Damages
A legal principle requiring a party suffering loss to take reasonable action to minimize the extent of the damage or loss.
Nonbreaching Party
The party in a contract who has not violated the agreement and is often entitled to legal remedies.
- Comprehend the requirements and purpose of mitigation of damages in breach of contract scenarios.
Verified Answer
RV
Learning Objectives
- Comprehend the requirements and purpose of mitigation of damages in breach of contract scenarios.