The legal rate of interest is a rate:
A) that is higher than the contract rate .
B) at which no interest is charged .
C) that is over and above the rate that is lawfully allowed .
D) that is applied when no rate is specified .
Correct Answer:
Verified
Q1: What are some of the contracts
Q2: Which of the following is true of
Q3: The courts will generally still allow a
Q4: In which of the following situations is
Q5: A person who sells alcoholic beverages to
Q7: If a druggist sells morphine to one
Q8: If a contract is divisible so that
Q9: A contract must be for a
Q10: Which of the following is true of
Q11: The penalty for usury is uniform in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents