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Business, 05.03.2020 02:26 Alan0201

State Bank offers to lend money to Rodeo Promotions, Inc., at 15 percent interest. Before Rodeo accepts, a statute is enacted prohibiting loans at interest rates greater than 12 percent. Rodeo and the bank have
a. have a contract for a loan at 15 percent interest.
b. have a contract for a loan at 12 percent interest.
c. have a contract for a loan at 0 percent interest.
d. no contract for a loan.

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State Bank offers to lend money to Rodeo Promotions, Inc., at 15 percent interest. Before Rodeo acce...
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