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Source Library Review MPT and Lawyering Skills Showing the closest available flashcard practice.

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0 tracked cards Contracts

A new fitness studio sued a contractor for late completion and sought $500,000 in lost profits. The studio had never operated before, had no signed memberships, and relied only on the owner's optimistic projection. The contractor admits breach but disputes lost profits.
Which statement is most accurate?

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Lost profits must be proven with reasonable certainty and are not recoverable if they are too speculative. Lost profits are always recoverable if the defendant breached intentionally. Lost profits are never recoverable for a new business. Lost profits are recoverable whenever the plaintiff claims them in good faith.

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