Answer:
price, buyer income, the price of related goods, consumer tastes, and any consumer expectations of future supply and price.
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Answer:
Civil Court
Explanation:
Civil court cases may involve any combination of private citizens, businesses, government institutions, or other parties. Typically, the function of a civil court is to determine liability of one party for the injuries, which do not necessarily need to be of a physical nature, that are suffered by another party.
Answer:
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When a contract is broken, the concept of mitigation of damages comes into play. It indicates that after the other party breaches a contract, the non-breaching party might be obligated to take action to lessen their damages.
<h3>Give a brief account on Mitigation of damages.</h3>
Damages Mitigation is a type of legal defence frequently used in contract or tort law. The theory of avoidable consequences, as it is often known, is the idea that an injured party cannot be reimbursed for irrational costs incurred as a result of their harm if such costs could have been avoided with reasonable effort.
a. The following information explains if it is acceptable to demand "mitigation of damages": In any situation, it makes sense to mitigate damages since it encourages appropriate action to reduce the amount of loss sustained.
b. The following information explains contract and obligation breaches caused by wrongdoing: The party will not be obligated to the specific contract in the event of a violation. In this case, the individual erred and the other party broke the contract. As a result, since there is no contract, there are no obligations between the parties.
c. The following information explains if the landlord is required to look for a new tenant before the contract expires : In this instance, the landlord is able to prevent the loss brought on by the tenant's violation. Therefore, the landlord has a duty to find another renter before the end of the contract in order to prevent those losses.
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