Under the doctrine of mitigation of damages, the duty owed depends on the nature of the contract.

Question

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The doctrine of mitigation of damages holds that a party who has suffered a loss as a result of a breach of contract has a duty to take reasonable steps to minimize or mitigate the damages. The duty owed by the party who has suffered the loss, however, depends on the nature of the contract and the circumstances of the breach. Therefore, the statement "Under the doctrine of mitigation of damages, the duty owed depends on the nature of the contract" is true.

Under the Doctrine of Mitigation of Damages, the Duty Owed