Asked by Sandra Vappie on May 11, 2024
Verified
A non-breaching party in a breach of contract case has a ________ and cannot take advantage of the breach that increases the amount of damages the breaching party must pay.
A) duty to mitigate damages
B) right to punitive damages
C) duty to mitigate equities
D) right to specific performance
Duty to Mitigate Damages
The legal principle requiring a party suffering loss as a result of a breach of contract to take reasonable action to minimize the financial harm.
Breach of Contract
A violation of any of the agreed-upon terms and conditions of a legal contract.
Punitive Damages
Monetary compensation awarded to an injured party that goes beyond what is necessary to compensate for losses and is intended to punish the wrongdoer.
- Comprehend the privileges and duties of entities within a contract, alongside the corrective measures for contract violations.
Verified Answer
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Final Answer :
A
Explanation :
The duty to mitigate damages requires the non-breaching party to take steps to minimize the harm caused by the breach. This includes not taking advantage of the breach to increase the amount of damages that the breaching party must pay. The right to punitive damages is not relevant to this situation. The duty to mitigate equities and the right to specific performance are also not applicable to this question.
Learning Objectives
- Comprehend the privileges and duties of entities within a contract, alongside the corrective measures for contract violations.