In Some States, a Lender Who Charges a Usurious Rate

question 29

True/False

In some states, a lender who charges a usurious rate forfeits both the principal and interest on the loan.

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Definitions:

Achievement-Orientation

Achievement-orientation refers to an individual's or organization's focus and emphasis on setting goals and achieving results.

High Individualism

A cultural orientation where individual goals and independence are prioritized over group or collective goals.

Power Distance

The extent to which less powerful members of organizations and institutions accept and expect that power is distributed unequally.

Collectivist Value Orientation

This cultural value emphasizes the priority of group goals over individual goals and the importance of cohesion within social groups.