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of 6 available terms

2 Written Questions

2 Multiple Choice Questions

  1. lending money at an interest rate that is higher than the maximum rate allowed by law.
  2. contract offered by a dominant party to a party with inferior bargaining power on a take-it-or-leave- it basis.

2 True/False Questions

  1. lotteryany plan by which a consideration is given for a chance to win a prize; it consists of three elements: (1) there must be a payment of money or something of value for an opportunity to win, (2) a prize must be available, and (3) the prize must be offered by lot or chance.

          

  2. good faithany plan by which a consideration is given for a chance to win a prize; it consists of three elements: (1) there must be a payment of money or something of value for an opportunity to win, (2) a prize must be available, and (3) the prize must be offered by lot or chance.

          

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