The Simple Interest Note Was Discounted at 15

question 92

Multiple Choice

The simple interest note was discounted at 15%. Find the discount period in days and the proceeds.
-Loan made: Oct 13
Face value: $21,800
Length of loan: 100 days
Rate: 10%
Date of discount: Jan 4

• A)17 days, $22,246.85
• B)18 days, $21,687.97
• C)18 days, $22,293.53
• D)17 days, $21,641.29

Analyze the legal ramifications of crimes involving coercion, such as blackmail or extortion.

Understand the legal standards and challenges in proving crimes that involve indirect harm or lack of direct action.

Understand the concept of Alternative Dispute Resolution (ADR) and its importance in the legal system.

Identify and explain various ADR processes such as mediation, arbitration, and negotiation.

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Definitions:

Actual Malice

A legal standard in defamation law requiring the plaintiff to prove that the defendant made a false statement with knowledge of its falsity or with reckless disregard for the truth.

Defamation

A false statement that injures someone's reputation, either spoken (slander) or written (libel), leading to legal action.

Parliament

A supreme legislative body in a parliamentary system, composed of elected or appointed members who represent the populace.

Libel

A false statement made in written form or published material that damages a person's reputation.