Which of the following occurs when a party gives a loan at an interest rate exceeding the legal maximum?
A) No enforceable legal violation
B) Interest prohibition
C) Principle reduction
D) Usury
E) Plenary

Name: Which of the following occurs when a party gives a loan at an interest rate exceeding the legal maximum? A) No enforceable legal violation B) Interest prohibition C) Principle reduction D) Usury E) Plenary
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Question

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Usury occurs when a party gives a loan at an interest rate exceeding the legal maximum.

Which of the Following Occurs When a Party Gives a Loan