Practice question
A substitute arrangement reduces an otherwise proved PHP100,000 lost-profit amount by PHP30,000, without any additional expense or adjustment. What remaining lost-profit figure reflects that actual mitigation?
- PHP70,000
- PHP100,000 without accounting
- PHP130,000
- PHP200,000
- Zero solely because some mitigation occurred
Legal references
- Civil Code RA386: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html Articles2199–2200,2203.
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