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Limitations on Contract Remedies

15 January, 2016 - 09:33

LEARNING OBJECTIVES

  1. Understand that there are various rules that limit recovery for the nonbreaching party in a contract case.
  2. Know how these concepts serve to limit contract remedies: foreseeability, mitigation of damages, certainty of damages, loss of power of avoidance, election of remedies, and agreement of the parties.