Multiple Choice
Which of the following contracts would be illegal in Ontario?
A) the TD Bank charging a risky customer 64% annual interest rate on a 3 year $20,000 car loan
B) Money Mart charging an unemployed man 320% annual interest rate on a 2 week $300 loan
C) the Royal Bank charging an illegal immigrant 50% annual interest rate on a 2 year $10,000 loan
D) Money Mart charging an unskilled woman 500% annual interest rate on a 3 week $600 loan
E) All of these contracts would be illegal in Ontario
Correct Answer:
Verified
Correct Answer:
Verified
Q65: An offer can only be accepted by
Q66: When a conditional offer has been made,
Q67: When can an offeror who has promised
Q68: Karl worked for Gravo Inc. and over
Q69: Which of the following statements is TRUE?<br>A)A
Q71: Which of the following statements is TRUE?<br>A)A
Q72: Which of the following is normally considered
Q73: Which of the following statements is TRUE?
Q74: Cliff agrees with Sarah to extend the
Q75: Past consideration is valid but future consideration