Farmer Elvin is holding 200 pounds of potatoes in storage for Chef Noble but Chef Noble has breached the contract by failing to pay for the potatoes. The potatoes are beginning to rot. If Farmer Elvin sells the potatoes to a local diner to make potato soup and salad, then this action would be considered: Group of answer choices An attempt to maximize damages Conversion An attempt to realize an unwarranted profit. A reasonable mitigation of damages.

A reasonable mitigation of damages.

Explanation:

Chef Noble breached the contract with farmer Elvin, and therefore, farmer Elvin is entitled to sue chef noble and seek compensatory damages for the money that he might have lost due to this contract breach. But it is reasonable for farmer Elvin to try to lower the damages suffered by selling the potatoes to other clients even if these clients do not pay the normal contract price for the merchandise. In the event of a lawsuit, this action will even benefit chef Noble since the damages will be smaller and the court will probably require him to pay a lower amount of money.

answer; ///(c) i believe its it ignores cash flows following the payback period;

answer; schedule c;