Business, 23.09.2020 09:01, lukaslinder3529

Bill bulge owned a grocery store in missouri. In order to finance some inventory, he borrowed $3000 from big bucks bank. The written agreement called for 20% interest to be paid at a time when long term government bond yields were 12%. At maturity, bill refused to pay anything because he said the bank was guilty of usury. Will bill have to pay anything?

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Bill bulge owned a grocery store in missouri. In order to finance some inventory, he borrowed $3000...