Which of the Following Can Be a Result Under State

question 39

Multiple Choice

Which of the following can be a result under state law for violating a usury statute?

• A) the interest rate in the contract will be adjusted down to the maximum legal rate
• B) the court will not enforce the payment of any interest at all
• C) the court will not enforce payment of the principal or the interest
• D) the interest rate in the contract will be adjusted down to the maximum legal rate, or the court will not enforce the payment of any interest at all
• E) the interest rate in the contract will be adjusted down to the maximum legal rate, the court will not enforce the payment of any interest at all, or the court will not enforce payment of the principal or the interest

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Definitions:

Indifference Curve

A graphical representation showing combinations of goods or services that provide the same level of satisfaction to a consumer.

Apples

Edible fruits from the Malus domestica tree, characterized by their sweet taste and variety of colors, and consumed worldwide.

Bananas

A type of elongated, edible fruit produced by various kinds of large herbaceous flowering plants in the genus Musa.

Perfect Substitute

Goods that a consumer perceives as identical in utility, meaning the consumer is willing to substitute them for one another at a constant rate.