What is the term for giving a loan at an interest rate that exceeds the legal maximum?
A)Interest prohibition
B)No enforceable legal violation
C)Usury
D)Plenary
E)Principle reduction

Question

Quizplus · Accepted Answer

A)Usury occurs when a party gives a loan at an interest rate exceeding the legal
maximum.
B)Usury occurs when a party gives a loan at an interest rate exceeding the legal maximum.
C)Usury occurs when a party gives a loan at an interest rate exceeding the legal maximum.
D)Usury occurs when a party gives a loan at an interest rate exceeding the legal maximum.
E)Usury occurs when a party gives a loan at an interest rate exceeding the legal maximum.

What Is the Term for Giving a Loan at an Interest