What is the term for giving a loan at an interest rate that exceeds the legal maximum?
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A bank cannot continue to try to repossess a vehicle from a…
A bank cannot continue to try to repossess a vehicle from a debtor who has filed for bankruptcy because of the ________.
When a party’s obligations under a contract are terminated,…
When a party’s obligations under a contract are terminated, the party is said to be ________.
What is the most likely outcome when an assignment is made i…
What is the most likely outcome when an assignment is made in violation of an antiassignment clause?
Which of the following is the reason the Uniform Commercial…
Which of the following is the reason the Uniform Commercial Code was drafted?
Which of the following is NOT part of the basic set of proce…
Which of the following is NOT part of the basic set of procedures for bankruptcy cases?
A[n] _______ is a promise or set of promises for the breach…
A[n] _______ is a promise or set of promises for the breach of which the law gives a remedy or the performance of which the law in some way recognizes a duty.
Gabrielle is three months behind on her mortgage, and her le…
Gabrielle is three months behind on her mortgage, and her lender filed negative information affecting her credit rating. Gabrielle mailed one monthly payment to the lender along with a letter stating that she was making the payment on the condition that the lender remove negative material sent to credit reporting agencies affecting her credit rating. The lender cashed the check but did not remove the negative information. Gabrielle sues the bank for breach of contract. Which of the following is the most likely result?
What will a person receive in return for performing a contra…
What will a person receive in return for performing a contract obligation?
The legal ability to enter into a binding agreement is known…
The legal ability to enter into a binding agreement is known as what?