Question: Chase Bank loaned $ 5 0 0 , 0 0 0 to Chris Brown and charged him an interest rate that was five ( 5
Chase Bank loaned $ to Chris Brown and charged him an interest rate that was five percent higher than the statutorily allowed maximum. This loan would be considered
void at the election of Plessy
voidable at the election of Badger
valid, since Badger can determine what potential profit is necessary to compensate it and its owners for the assumed risk
fraudulent
usurious
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