alleryStart learning →A pays a debt late and B is financially ruined. A owes B what?
APrincipal plus lost business value
BPrincipal plus B's ruin losses
CPrincipal with interest to date
DPrincipal plus distress damages
Answer & Solution
Correct answer: C. Principal with interest to date
Late payment of money gives only the principal and interest up to payment, not the consequent ruin.
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