7. Which of the following statements is true?
A) A victim of a breach of contract can rescind (terminate the contract in all
circumstances under traditional rules
B) A victim of a breach of contract can sue for lost profits whether the other
party know of this loss or not
C) A victim of a breach of contract must take steps to mitigate damages
D) A victim of a breach of contract is subject to punitive damages in a non-
fraud case