Come On In Cafe signs agreement

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Come On In Cafe signs an agreement with Bills Bank to borrow $50,000 at 30 percent interest. Later, the state legislature passes a law lowering the maximum permissible rate of interest to 20 percent. Come On In's best argument for avoiding payment to Bills Bank is that Group of answer choices payment of the loan would force the debtor into bankruptcy. the law has rendered performance of the contract illegal. the specific subject matter of the contract has been destroyed. performance of the.

Reference no: EM133812758

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Come On In Cafe signs agreement : Come On In Cafe signs an agreement with Bills Bank to borrow $50,000 at 30 percent interest.

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