Charging more than the legal interest rate is Known as

a. points
b. usury
c. discounting
d. novation

Answer: b. usury

Business

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Tom has agreed to the terms of a contract that obligates him to paint Dorothy's house within thirty days. Before he began painting, Dorothy's house was destroyed by a tornado

Which of the following statements is true about Tom's contract obligations? A) The contract remains valid, and Tom must paint Dorothy's next residence. B) The contract remains valid, but Tom must wait a reasonable time to allow Dorothy to rescind. C) The contract is voidable as its object is illegal. D) The contract is discharged by impossibility of performance.

Business

In a correlated subquery of a database that has tables TableOne and TableTwo, if table TableOne is used in the upper SELECT statement, then which table is used in the lower SELECT statement?

A) TableOne B) TableTwo C) Both TableOne and TableTwo D) Either TableOne or TableTwo

Business