Paralegal Exam Prep

Category - Contracts

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Which of the following is NOT necessary to show loss of profits?

The loss is the direct and natural consequence of the breach.
The loss is greater than $50,000.
It is reasonably probable that the profits would have been earned except for the breach.
The loss is either present or future.
The amount of loss can be shown with reasonable certainty.

Explanation

Answer: B. It is not necessary to show that the loss is greater than $50,000 to show loss of profits. The law does not require that the loss be above a specific dollar amount. The non-breaching party must show that the amount of the loss can be specified with reasonable certainty.

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