When Differences in Payment Arise Because of Errors in the Payment

question 374

Multiple Choice

When differences in payment arise because of errors in the payment of funds:

• A) claims should be made for the costs incurred by the injured party and include all administration costs
• B) no party involved can be enforced to contribute to achieve an equitable resolution to the problem
• C) no market participant should be unjustly enriched or injured by the action/error of another market participant
• D) claims are calculated on the full principal amount of the failed payment with the interest rate imposed by the injured party

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Definitions:

Sanguineous Drainage

Refers to the discharge of fresh blood from a wound, indicating active bleeding.

Decubitus Ulcer

Also known as a pressure sore or bedsore, it's a localized injury to the skin and/or underlying tissue, usually over a bony prominence, as a result of pressure or friction.

Tunneling

The creation of narrow passageways through or under an obstacle, often used in the context of engineering or computing.

Abdominal Binder

A medical garment that wraps around the abdomen to provide support and compression, often used after surgery or childbirth.