L A of Busi. Sec. Q15

0. A, a merchant in Calcutta, has an agent, B, in London to whom a sum of money is paid on A’s account, with orders to remit. B retains the money for a considerable time. A, in consequence of not receiving the money, becomes insolvent.

A
B is not liable for the money and interest, from the day on which it ought to have been paid, according to the usual rate
B
B is liable for any further direct loss – as e.g. by variation of rate of exchange
C
B is liable for the money and interest, from the day on which it ought to have been paid, according to the usual rate, and for any further direct loss – as e.g. by variation of rate of exchange – but not further
D
None of these

Answer
Comment
Array

Option : C
Explanation :

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