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Discuss the Equitable Remedies That Were Developed in Contract Law

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Essay

Discuss the equitable remedies that were developed in contract law and why they were necessary.


Definitions:

Float Management

Strategies employed by companies to manage the time between issuing and cashing payments to optimize available cash flow.

NPV

NPV is a calculation that determines the expected financial profitability of a given investment or project by assessing the difference between the current value of all incoming and outgoing cash flows.

Positive NPV Projects

Projects with a net present value greater than zero, indicating they are expected to generate profit over their lifetime.

Target Cash Balance

The optimal amount of cash that a company aims to hold for operational and precautionary purposes.

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