Mathematics · Commercial Calculations & Damages
A company's cheque for Rs. 2,00,000 is wrongfully dishonoured by a bank. The court awards: (i) Actual loss of profit = Rs. 40,000; (ii) Substantial damages for loss of reputation equal to 15% of the cheque amount; and (iii) Legal costs = Rs. 10,00,000... wait, legal costs = Rs. 10,000. Calculate the total liability awarded against the bank.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 90,000
- 2Rs. 40,000
- 3Rs. 50,000
- 4Rs. 80,000✓
Correct answer
Rs. 80,000
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