L & M lent Joan $100 so that she could buy her business law textbooks for the current semester. L & M's terms for repayment of the loan are, $100 in two months and another $50 at the end of the semester. The legal rate of interest on this type of loan is six percent per annum. L & M’s loan is usurious. a.trueb. false
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L & M lent Joan $100 so that she could buy her business law textbooks for the current semester....
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