Special damages refers to damages payable by a banker to his customer for the actual ..... loss suffered by customer

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Special damages refers to damages payable by a banker to his customer for the actual ____ loss suffered by customer

A	Financial
B	special
C	Unpecuniary
D	Unfinancial

Explanation:

Detailed explanation-1: -Special damages refer to damages payable by a banker to his customer for the actual financial loss suffered by the customer as a direct result of the wrongful dishonour of his cheque by the banker.

Detailed explanation-2: -money paid to an injured party in a legal case for financial losses such as loss of earnings, property damage and medical expenses.

Detailed explanation-3: -In order to cover a loan in default, a bank has a legal right to seize funds of a guarantor or the debtor. A settlement of mutual debt between a creditor and a debtor through offsetting transaction claims is also known as setoff.

There is 1 question to complete.