Which of the Following Contracts Would Be Illegal in Ontario

question 70

Multiple Choice

Which of the following contracts would be illegal in Ontario?

• A)the TD Bank charging a risky customer 64% annual interest rate on a 3 year $20,000 car loan
• B)Money Mart charging an unemployed man 320% annual interest rate on a 2 week $300 loan
• C)the Royal Bank charging an illegal immigrant 50% annual interest rate on a 2 year $10,000 loan
• D)Money Mart charging an unskilled woman 500% annual interest rate on a 3 week $600 loan
• E)All of these contracts would be illegal in Ontario

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Definitions:

SES Groups

Refers to socioeconomic status groups, categorizing individuals or families based on income, education, and occupational status.

Heritability Ratios

Heritability ratios are statistical estimates that indicate how much of the variation in a specific trait within a population can be attributed to genetic differences.

Dizygotic Twins

Also known as fraternal twins, they are conceived when two separate eggs are fertilized by two different sperm cells, resulting in two genetically unique siblings.

Releases Two Eggs

Refers to the process during which a female’s reproductive system releases two ova (eggs) during a single menstrual cycle, potentially leading to fraternal twins.