MCQOPTIONS
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| 1. |
Which of the following is correct if the interest rate in a loan is void? |
| A. | The contract is totally inexistent; |
| B. | The creditor cannot recover interest at all; |
| C. | The creditor can recover legal rate of interest; |
| D. | The court shall rule as if no interest has been agreed upon and contrary to law. |
| Answer» D. The court shall rule as if no interest has been agreed upon and contrary to law. | |