Final answer:
When measuring lost profits or wages, it is necessary to include an allowance for the mitigation of damages.
Step-by-step explanation:
When the financial expert is measuring lost profits or lost wages, it is necessary to:
- Include an allowance for the mitigation of damages. In cases where a party has suffered a loss, they have a duty to take reasonable steps to reduce or mitigate those damages. The financial expert needs to consider this when calculating the amount of lost profits or wages.
When a financial expert is measuring lost profits or lost wages, it is necessary to include an allowance for the mitigation of damages. This means that the plaintiff should take reasonable actions to minimize their losses after the damage has occurred.
It is not necessary to prove that there was no liability or to show that the defendant's actions call for punitive damages. Additionally, proving criminal fraud in a breach of contract case is a different legal issue and not pertinent to the calculation of lost profits or wages in a civil context.