Question
Vinnie loans $10,000 to Chris and charges 10% per month i nterest. California law makes it a crime to charge more more than 10% per
Vinnie loans $10,000 to Chris and charges 10% permonthinterest. California law makes it a crime to charge more more than 10% peryearinterest. Chris doesn't pay Vinnie anything at all. If Vinnie sues Chris,
A.Vinnie will be entitled to $10,000 only.
B.Vinnie will be entitled to $10,000 plus 10% per month interest.
C.Vinnie will be entitled to nothing.
D.Vinnie will be entitled to $5,000.
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Commentaries And Cases On The Law Of Business Organization
Authors: William T. Allen, Reinier Kraakman, Vikramaditya S. Khanna
6th Edition
1543815731, 978-1543815733
