Baylor obtains a loan from City Bank at 4.5 percent interest. Their state's usury statute limits interest rates to a 3.5 percent maximum. Baylor's contract with the bank is enforceable only if
A) Baylor does not attempt to disaffirm it.
B) the bank does not attempt to disaffirm it.
C) both Baylor and the bank knew of the state limit.
D) none of the choices.
Correct Answer:
Verified
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