This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Usury is charging an interest rate higher than the maximum permitted by law. Indicate whether the ... (Read 100 times)

berenicecastro

  • Hero Member
  • *****
  • Posts: 581
on: Jun 24, 2018
Usury is charging an interest rate higher than the maximum permitted by law.
  Indicate whether the statement is true or false

Question 2

Berth Ness signed a promissory note for the purchase of real estate in Arizona. Only his name appeared on the note. Berth had acted as an agent for several corporations and Louise Ness in the past. Upon default, the payee of the note brought suit to collect from the corporations and Louise. They claim Berth was not acting as their agent in the transaction and they are, therefore, not liable. Who is correct?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Mochi

  • Sr. Member
  • ****
  • Posts: 300
Reply #1 on: Jun 24, 2018
Answer to Question 1

TRUE

Answer to Question 2

Students should discuss the issues of actual and apparent authority. Did the payee know of any constraints on Ness? Would they assume Ness was acting for them? Ness v. Greater Arizona Realty, Inc., 517 P.2d 1278 (Az. 1974).


berenicecastro

  • Member
  • Posts: 581
Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

hramirez205

  • Member
  • Posts: 345
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Hormonal regulation of digestion rate in the stomach and small intestine. Hormonal regulation of digestion rate in the stomach and small intestine.
Exercise increases the heart rate. Exercise increases the heart rate.
Most drugs exhibit first-order elimination, in which the rate of drug elimination is equivalent to ... Most drugs exhibit first-order elimination, in which the rate of drug elimination is equivalent to ...
Nine $10 000, 4% bonds with interest payable semi-annually and redeemable at par are purchased ... Nine $10 000, 4% bonds with interest payable semi-annually and redeemable at par are purchased ...
What is the maximum velocity (in km/s) of a photoelectron emitted from a surface whose work ... What is the maximum velocity (in km/s) of a photoelectron emitted from a surface whose work ...
Find the proceeds of the following promissory note. A five-year, $4500.00 note bearing interest ... Find the proceeds of the following promissory note. A five-year, $4500.00 note bearing interest ...
Video: Splitting of Sugar, Oxidation/ Reduction & ATP Generation

For a complete list of videos, visit our video library