William obtains a loan from a bank at 4.5 percent interest. The state where he obtains the loan has a usury statute that limits interest rates to a 3.5 percent maximum. William's contract with the bank isa. enforceable only if William does not attempt to disfirm it b. enforceable only if the bank does not attempt to disfirm it c. enforceable only if both William and the bank knew of the statute when the contract was signed. d. not enforceable
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Home » Business » William obtains a loan from a bank at 4.5 percent interest. The state where he obtains the loan has a usury statute that limits interest rates to a 3.5 percent maximum. William's contract with the bank isa.