Explain How the Remedy of Damages Is Applied in Contract

question 63

Essay

Explain how the remedy of damages is applied in contract law and any limitation on the availability of damages.

---

Definitions:

On-line Banking

The provision of banking services over the internet, allowing users to conduct financial transactions remotely.

Transaction Speed

The rate at which a financial transaction is processed from initiation to completion.

Convenience

The quality or state of being convenient, especially in terms of ease of access or use, often used in marketing to describe consumer products or services.

Cash Handling Procedures

Guidelines and methods a company follows to manage and safeguard the cash it receives and disburses.