Which of the following contracts would be illegal in Ontario?
A) the TD Bank charging a risky customer 64% annual interest rate on a 3 year $20,000 car loan
B) Money Mart charging an unemployed man 320% annual interest rate on a 2 week $300 loan
C) the Royal Bank charging an illegal immigrant 50% annual interest rate on a 2 year $10,000 loan
D) Money Mart charging an unskilled woman 500% annual interest rate on a 3 week $600 loan
E) All of these contracts would be illegal in Ontario
Correct Answer:
Verified
Q1: Which of the following contracts does NOT
Q2: Seth, a very mature looking 16 year
Q3: Which of the following contracts MUST be
Q4: Which of the following statements is TRUE?
A)A
Q6: Which of the following is NOT a
Q7: Which of the following statements is FALSE?
Q8: Which of the following contracts are void
Q9: Which of the following statements is FALSE?
A)most
Q10: Which of the following statements about minors'
Q11: Which of the following statements is FALSE?
A)a
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