A __________ Is a Law Establishing a Maximum Rate of Permissible

question 62

Multiple Choice

A __________ is a law establishing a maximum rate of permissible interest for which a lender and borrower of money may contract.

• A)wager
• B)usury statute
• C)Sunday statute
• D)None of the above.

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Definitions:

Affirmed

A term used in law to indicate that a decision made at a lower court level is confirmed by a higher court.

Reversed

A legal term referring to a court's decision to overturn or annul a previous judgment or ruling.

Remanded

The act of sending a case back to the original court from which it came for further action or a new trial.

Dissenting Opinion

A dissenting opinion is a legal document written by judges who disagree with the majority's decision, detailing their reasons and legal rationale.