Multiple Choice
Eli obtains a consumer loan from First State Bank at an interest rate that exceeds the state's maximum. First State has
A) calculated the optimum rate that the market will bear.
B) engaged in a restraint of trade.
C) underestimated the risk of the loan's nonpayment.
D) violated the usury laws.
Correct Answer:
Verified
Correct Answer:
Verified
Q6: In State X,persons must be at least
Q20: The age of majority in most states
Q25: An executed contract entered into on Sunday
Q28: Nora signs a contract to buy a
Q29: A court adjudicates Huck mentally incompetent and
Q31: Neil represents himself as a contractor in
Q32: Ken relinquishes the right to his son
Q33: Boz runs an illegal gambling business and
Q34: An exculpatory clause in an employment contract
Q35: A contract between Eppie and Fab to