Business, 20.12.2019 04:31, wittlemarie
The state of transas has set a maximum interest rate of 12 percent on loans. matt borrows $10,000 from tony to pay off a gambling debt. both are residents of transas.
they sign a contract, which states that matt would have to pay $1,500 as interest in one year to pay off the loan. later, matt gets to know about the state usury limit and sues tony. what is the nature of the contract between matt and tony?
a) it is illegal as it violates gambling statutes.
b) it is legal as both parties were competent when the contract was signed.
c) the contract is void as it violates usury laws.
d) the contract is void as it is a contract to commit a crime.
Answers: 3
Business, 22.06.2019 18:00, wirchakethan23
Match the different financial task to their corresponding financial life cycle phases
Answers: 3
Business, 22.06.2019 22:00, ugh788o02
The company is experiencing an increase in competition, and at the same time they are building more production facilities in southeast asia. in this scenario, the top management team is most likely to multiple choice increase the cost of their products. restructure to reflect a more bureaucratic, stable organization. pull decision-making responsibility from low-level management, taking it on themselves. give lower-level managers the authority to make decisions to benefit the firm. rid themselves of all buffering product.
Answers: 3
Business, 22.06.2019 23:10, katrinanuez
Which investment has the liquidity and can be converted into cash easily?
Answers: 2
The state of transas has set a maximum interest rate of 12 percent on loans. matt borrows $10,000 fr...
Mathematics, 19.05.2020 21:03
History, 19.05.2020 21:03
History, 19.05.2020 21:03
Mathematics, 19.05.2020 21:03
Mathematics, 19.05.2020 21:03