Listen John went to the Friendly Pay Day Loan Centre and borrowed $10,000. John signed a contract

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Listen John went to the Friendly Pay Day Loan Centre and borrowed $10,000. John signed a contract to pay 2% interest per month on the $10,000 with no annual rate specified. Under federal law, the Friendly Pay Day Loan Centre is only legally entitled to 5% per annum simple interest on the $10,000. True O False

Posted Date: Jun 13, 2024 08:02 AM

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Listen John went to the Friendly Pay Day Loan Centre and borrowed $10,000. John signed a contract

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