Is this loan usurious, Marshall borrowed $1,000 from a

Is this loan usurious

Assignment Help Management Theories

Reference no: EM131494773

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 bank gave Marshall only $750, however, keeping the other $250 as part of the "cost" of the loan. Is this loan usurious?

Reference no: EM131494773

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