LAWS 310 Mitigation of Damages

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LAWS 310 Mitigation of Damages
What is mitigation of damages? Why does the law impose a duty on the non…

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LAWS 310 Mitigation of Damages

LAWS 310 Mitigation of Damages

Discussions Week 6 All Students Posts – 37 Pages

What is mitigation of damages? Why does the law impose a duty on the nonbreaching party to mitigate damages?  What is the difference between mutual mistake of a material fact and mutual mistake of value?

What is the difference between mutual mistake of a material fact and mutual mistake of value?  Do you have an example to share? As we know, contract law is very important to our economic system here in the United States. Of course, we do not always agree with each other as to what a contract might or might not have said or even whether a contract is valid.  In those instances, what law governs our contractual disputes?  What effect do you think courts might give to the “time is of the essence” clause in this  contract? Can you give an example of someone that has breached the “time is of the essence” clause, or will the court overlook it?

Let’s talk about damages…..a party who prevails at trial gets a judgment for damages. What remedies are available to a party to enforce that judgment?…