A a merchant in Calcutta has an agent B in London to whom a sum of money is paid on A rsquo s accoun...........

A, a merchant in Calcutta, has an agent, B, in London to whom a sum of money is paid on A’s account, with orders to remit. B retains the money for considerable time. A, in consequence of not receiving the money, becomes insolvent.

B is not liable for the money and interest, from the day on which it ought to have been paid, according to the usual rate

B is liable for any further direct loss – as e.g. by variation of rate of exchange

B is liable for the money and interest, from the day on which it ought to have been paid, according to the usual rate, and for any further direct loss – as e.g. by variation of rate of exchange – but not further

None of these