Question: Marshall borrowed $ 1,000 from a bank, payable at the end of one year at the highest legal interest rate permitted in that state. The

Marshall borrowed $ 1,000 from a bank, payable at the end of one year at the highest legal interest rate permitted in that state. The bank gave Marshall only $ 750, however, keeping the other $ 250 as part of the “cost” of the loan. Is this loan usurious?

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