Principle

CONTRACT LAW — Breach of Contract — Damages — Claim for Recompense for Value of Money Not Remitted

Area of law
CONTRACT LAW
Court
Supreme Court

A claim against a bank for failure to remit funds is based on the contract between the customer and the bank. The plaintiff need not prove a separate contract with a third party (e.g., a supplier). The bank's duty arises from its contract with the…

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