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of 6 available terms

2 Written Questions

2 Multiple Choice Questions

  1. any 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. lending money at an interest rate that is higher than the maximum rate allowed by law.

2 True/False Questions

  1. contract of adhesionequally guilty; used in reference to a transaction as to which relief will not be granted to either party because both are equally guilty of wrongdoing.

          

  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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