Marla applies for and receives a three-year loan through Sharkey Lenders for $5,000 at 27% APR.If the loan agreement violates the applicable usury statute, Marla may be able to keep

a. the interest that exceeds the usury limit.
b. all of the interest on the loan.
c. the interest and the $5,000.
d. Any of the answer choices are possible, depending on where the loan was made.


d

Business

You might also like to view...

Answer the following statements true (T) or false (F)

1. Hearing and interpreting a message is enough for meaningful communication to occur. 2. Multitasking is good for improving listening skills. 3. Appreciative listening ensures the highest level of retention. 4. Assessing the credibility of the message is known as responding in the HURIER model. 5. In the HURIER model, remembering is the often unconscious process of attaching meaning to words.

Business

A person may perform more than one role related to making buying decisions.

Answer the following statement true (T) or false (F)

Business

3. The most important attitude you can have to assist you in being an effective listener is "I only need you to think I'm listening to you!"

Indicate whether the statement is true or false.

Business

The cost of land would include the cost of a building purchased with the land and torn down because it was not needed

Indicate whether the statement is true or false

Business