Wednesday, September 28, 2011

Concept and appication of liquidate damages

According to the principle of Law of contract , to succeed in a claim for damages for breach of contract , a claimant must prove to the satisfaction of the court that

- The defendant's breach of contract caused loss in the amount claimed .
-The loss not too remote at the time of formation of the contract .
-The claimant took all reasonable steps to mitigate his loss.

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