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klasskru [66]
3 years ago
15

Henry is a landlord renting an apartment to​ Steven, a student at a nearby university. The two enter into a​ one-year lease arra

ngement. Steven vacates the apartment after six​ months, notifying Henry that he has vacated and intends to pay no further rent. Henry makes no attempt to rent the apartment during the next six month period and sues Steven for the full amount of the lease contract at year end.​ Henry's damages will likely be reduced because he failed to​ _________.
Business
1 answer:
Sindrei [870]3 years ago
3 0

Answer:

Mitigate his damages

Explanation:

By law, mitigation involves making effort to reduce losses. Now, an individual claiming damages or losses due to break in contract or a wrongful act by another individual has a duty under the law to mitigate those damages. That is to say, the plantiff is under a duty under the law to reduce the loss by taking advantage of any opportunity arising that may help.redice the losses or damages. However, in this case, the plantiff, who's the landlord Henry did not mitigate the loss by not attempting to or renting the accommodation out for the remaining six month. Thus, the damages would likely be reduced because he failed to mitigate his damages as he should have done as required under the law.

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Answer:

37.00%

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