Which of the following statements is FALSE? Pay day loans
A) usually involve small loans for short periods of time
B) require some companies to guarantee their employee's loans until their next pay cheque is issued
C) can legally exceed criminal code maximum interest rate limits
D) are regulated by provincial laws
E) can legally charge interest rates in excess of 500% in some parts of Canada
B
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Gordon has defaulted in the payment of several of his debts, and the court has ordered his property sold to satisfy them. A title search revealed several outstanding liens against the property. Which of the following liens has highest priority?
A) An outstanding first mortgage lien dated and recorded one year ago B) A real estate tax lien for the current year C) A judgment lien rendered and recorded last month D) A mechanic's lien for work started two months before the mortgage was recorded
Lobbying refers to a PR department maintaining relationships with shareholders and others in the financial community
Indicate whether the statement is true or false