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A party who suffers from a breach of contract is, with respect to the resulting loss, under a duty to:
ATake reasonable steps to minimise (mitigate) the loss
BWait for the defaulter to offer compensation
CImmediately file a criminal complaint
DMaximise the claim
Answer & Solution
Correct answer: A. Take reasonable steps to minimise (mitigate) the loss
The injured party must take reasonable steps to mitigate the loss; damages are reduced to the extent the loss could reasonably have been avoided.
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