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Author Question: Marla applies for and receives a three-year loan through Sharkey Lenders for 5,000 at 27 APR.If the ... (Read 85 times)

craiczarry

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  • Posts: 527
on: Jun 24, 2018
Marla applies for and receives a three-year loan through Sharkey Lenders for 5,000 at 27 APR.If the loan agreement violates the applicable usury statute, Marla may be able to keep
 A)the interest that exceeds the usury limit.
 B)all of the interest on the loan.
 C)the interest and the 5,000.
 D)Any of the answer choices are possible, depending on where the loan was made.

Question 2

Regarding NAFTA's investment provisions:
 A) domestically owned companies are given priority over foreign-owned firms.
 B) Mexico has stricter environmental laws than the United States.
 C) firms operating in any NAFTA country can convert foreign exchange at local banks.
 D) local firms owned by investors from other NAFTA countries must fill senior management positions with local citizens.


abctaiwan

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Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

C


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