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Svetach [21]
3 years ago
8

The lender usually has the right to collect the principal, but is NOT allowed to collect the interest if the loan is:

Business
1 answer:
Elena-2011 [213]3 years ago
3 0

Answer:

This question is incomplete, the options are missing. The options are the following:

a) For consumer purposes

b) For commercial purposes

c) Usurious

d) An online contract

And the correct answer is the option C: Usurious.

Explanation:

To begin with, in the area of law, the term known as <em>"Usury" </em>is refer to the practice that focuses on making the lender richer in unethical ways so therefore that this practice is considered to be the one that makes inmoral monetary loans that try to affect the borrower in order to benefit the lender. One example of the use of this term could be the case in where the lender charges or try to charges a higher interest rate to the borrower than the one that is prohibited by law as a maximun rate.

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3 years ago
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Suppose Pete was looking for a job for so long that he decided to give up looking for a job altogether. Pete has decided to reti
fredd [130]

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7 0
3 years ago
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Answer:

A silent partner

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I hope my answer helps you

8 0
3 years ago
Select the appropriate reporting method for each of the items listed below.
Radda [10]

Answer:

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2 . Current portion of long-term debt - Current liability

3 . Sales tax collected from customers - Current liability

4 . Notes payable due next year - Current liability

5 . Notes payable due in two years - Long-­term liability

6 . Advance payments from customers - Current liability

7 . Commercial paper - Current liability

8 . Unused line of credit - Disclosure note only

9 . A contingent liability that is probable likelihood of occurring within the next year and can be estimated - Current liability  

10 . A contingent liability that is reasonably possible likelihood of occurring within the next year and can be estimated - Disclosure note only

6 0
3 years ago
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