Solved

Guido Is an Unsavory Money Lender Who Charges 35% Interest

Question 29

Multiple Choice

Guido is an unsavory money lender who charges 35% interest. Upon learning that Sylvia, one of his clients, had become unable to make her weekly payment, Guido tells her that he has "a way of dealing with defaulters where they think twice next time." She then promptly signs a contract agreeing to a 50% rate over a longer period of time. Sylvia now wants to get out of this second contract. As a lawyer, what should you advise Sylvia to do?


A) Claim that she entered into the contract under undue influence.
B) Claim that she entered because of constructive fraud.
C) Claim that she entered under dire circumstances.
D) Claim that she entered the contract under duress.
E) Nothing but pay the debt at 50%; the contract is enforceable.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents