State statutes usually declare that commercial paper that is given for gambling transactions or at usurious rates
Question:
State statutes usually declare that commercial paper that is given for gambling transactions or at usurious rates of interest is void. Can a person pay off an illegal gambling debt by check?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
Depending on state st...View the full answer
Answered By
Kennedy Odhiambo
As a professional writer, I have been in the field for over 5 years having worked as a lecture in different tertiary institutions across the world. With this impeccable experience, I assure provision of a good and supporting environment for students to learn.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
a. The yield curve is currently upward sloping, such that 10-year Treasury bonds have an annualized yield 3 percentage points above the annualized yield of three-month T-bills. Should you consider...
-
Given that commercial paper interest rates are generally lower than bank loan rates to a given borrower, why might firms that are capable of selling commercial paper also use bank credit?
-
Term loans usually require firms to pay a fluctuating interest rate. For example, the interest rate may be set at 1 percent above prime. The prime rate sometimes varies by several percentage points...
-
The following are the Ledger Balance (in thousands) extracted from the books of Vaishnavi Bank Ltd as on March 31, 2016. The bank's Profit and Loss Account for the year ended and Balance Sheet as at...
-
Percentage of sales models usually assume that costs, fixed assets, and working capital all increase at the same rate as sales. When do you think that these assumptions do not make sense? Would you...
-
How is this attack different from an ordinary phishing attack?
-
Andrew Reitz established a trust in 2000, naming his sons, James and John, as sole beneficiaries and himself as trustee. Upon Andrews death, Hal Rachal Jr., the attorney who drafted the trust, became...
-
Answer the following multiple-choice questions: a. Which of the following could lead to cash flow problems? 1. Tightening of credit by suppliers 2. Easing of credit by suppliers 3. Reduction of...
-
2. (24 Points) Find out the number of real roots of the cubic equation 23-6x+1=0. Justify your answer.
-
Using Figure 7.9, tabulate the attenuation (in dB) of a 2.6/9.5 mm coaxial cable for the indicated frequencies and distances. Table 7.6 Attenuation for 2.6/9.5 mm coaxial cable dB at 1 KHz dB at 100...
-
What is the difference between a contract and a negotiable instrument as it concerns consideration?
-
The innocent endorser of a forged instrument who negotiates commercial paper is liable. Is this fair?
-
If f is continuous, show that ESI0 dt dz dy - S (x tf() dt Jo Jo Jo
-
If a hippo charges toward the vet at 2 9 km / hr , and she chooses to aim 3 3 degrees above the horizontal, how far away should the hippo be when she releases the arrow?
-
Discuss the factors contributing to this issue. These may include population growth, urbanization, foreign investment, low-interest rates, and tax incentives for property investors.
-
o attract, motivate, and retain good workers, companies need to define what an employee wants from the employment relationship. One way to define employee needs is to consider "total rewards," which...
-
How did Emile Durkheim conceptualize the role of religion as an integrative force within human society?
-
Beam ABCD is supported by a pin at A and a straight bar DE. The beam is subject to a distributed load q=10 kN/m in the AC section, and a concentrated moment Mo=40 kN-m at C. The beam has a length of...
-
The electric field at the point x = 5.00 cm and y = 0 points in the positive x direction with a magnitude of 10.0 N/C. At the point x = 10.0 cm and y = 0 the electric field points in the positive x...
-
The population of Detroit, Michigan, decreased from 1,027,974 in 1990 to 688,701 in 2013 (Source: U.S. Census Bureau). Find the average rate of change in the population of Detroit, Michigan, over the...
-
A gift given in anticipation of death. a. accession b. adverse pos session c. in causa mortis d. eminent doma in e. fee s imple f. freehold e state g. grantee h. inter vivos i. joint te nancy j....
-
Ownership of property held by one person. a. accession b. adverse pos session c. in causa mortis d. eminent doma in e. fee s imple f. freehold e state g. grantee h. inter vivos i. joint te nancy j....
-
The right of an owner of property to the product of such propertya calf born to a cow, for example. a. accession b. adverse pos session c. in causa mortis d. eminent doma in e. fee s imple f....
-
1. Suppose you buy the minimum risk portfolio on margin (MR=0.4) and a risk free rate = 4%. What is your expected return? SHOW ALL WORK PLEASE
-
40 g Dried Porcini Mushrooms 108 g Olive Oil 100 g Butter, Unsalted 1680 g Onions, Diced 30 g Garlic Cloves, Crushed 1200 g Arborio Rice 3696 g Vegetable Stock 400 g Parmesan 600 g Mozzarella (Fresh)...
-
Describe the following types of budgets and how they differ from each other: Operating budgets,capital budgets,and financing budgets. From your research and professional interests, which one (yes,...
Study smarter with the SolutionInn App