Set: Contracts: Mitigation Principle of Damages

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All 5 terms

TermDefinition
RS 350 - AvoidabilityNon-breaching party must employ reasonable efforst to avoid loss without assuming undue risk or humiliation
If a party fails to make reasonable efforts to mitigate damages in the event of a breach...losses that could have been avoided are not recoverable
Employment Contracts & Mitigation: Employee has an affirmative duty to ...seek substantially simliar employment in the same locale
When employment is found you ___________ from the ___________.Earnings from the Damages
In Goods contracts sellers must use ____________ ___________ _______________ when deciding whether to finish production of goods.reasonable commercial judgment

Set Information

Terms 5
Creator gmeads
Created November 16, 2007
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