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Cengage Advantage Books: Introduction to Business Law 4th Edition by Timothy Koch, Jeffrey Beatty, Jeffrey Beatty, Susan Samuelson, Susan Samuelson
Edition 4ISBN: 978-1133709107Cengage Advantage Books: Introduction to Business Law 4th Edition by Timothy Koch, Jeffrey Beatty, Jeffrey Beatty, Susan Samuelson, Susan Samuelson
Edition 4ISBN: 978-1133709107 Exercise 3
Depending on state law, if a lender violates the usury laws, the borrower could possibly be allowed to keep:
I) The interest that exceeds the usury limit
II) All the interest
III) All of the loan and the interest
(a) I, II, and III
(b) Only I
(c) Only II
(d) Only III
(e) Neither I, II, nor III
I) The interest that exceeds the usury limit
II) All the interest
III) All of the loan and the interest
(a) I, II, and III
(b) Only I
(c) Only II
(d) Only III
(e) Neither I, II, nor III
Explanation
Verified
Verified
The borrower may be allowed to keep inte...
Cengage Advantage Books: Introduction to Business Law 4th Edition by Timothy Koch, Jeffrey Beatty, Jeffrey Beatty, Susan Samuelson, Susan Samuelson
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