Multiple Choice
The state of Illinois enacts a usury statute. The purpose is to
A) establish a maximum rate of interest that may be charged for loans.
B) establish a minimum rate of interest that may be charged for loans.
C) prevent the misuse of money advanced as loans.
D) prevent the misuse of money paid back on loans.
Correct Answer:
Verified
Correct Answer:
Verified
Q3: Gina, a minor, enters into a contract
Q4: In contract law, ratification is the act
Q6: Gambling involves the distribution of property by
Q7: Bobbie is a minor subject to her
Q8: Elena, a minor, obtains fruits and vegetables
Q14: Chet, a minor, signs a contract with
Q29: A contract to commit a tortious act
Q50: Fagin and Gage agree to hijack a
Q56: Omni Insurance Company violates a state licensing
Q59: A court adjudicates Henry mentally incompetent and