1. Explain (note the word explain ) whether contracts listed below would be enforceable in Iowa. Don't be afraid to use the internet if you need some help: 1. A personal loan from a local bank for $5,000 at 40% interest. 2. An insurance policy on the life of your minor child. 3. A credit card from CitiBank in South Dakota issued to an lowa customer, charging 40% interest. 4. A life insurance policy that names your car lender as the beneficiary, payable in the event of your death up to the amount of the balance of your car loan. 5. A contract with your local handyman to replace a doorknob. 6. A contract with an electrician to install a new electrical panel. 7. A credit card from your local lowa based bank with 40% interest. 8. An agreement with your local delivery service to transfer packages from a warehouse to a storefront, when those packages turn out to contain meth