Author Question: Marla applies for and receives a three-year loan through Sharkey Lenders for 5,000 at 27 APR.If the ... (Read 72 times)

craiczarry

  • Hero Member
  • *****
  • Posts: 527
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

  • Sr. Member
  • ****
  • Posts: 355
Answer to Question 1

D

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

The average adult has about 21 square feet of skin.

For a complete list of videos, visit our video library