ISBN: 9780217384117

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustra… Mehr…

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1917 edition. Excerpt: ...In the above case B makes no request as to application of payment. How will it be applied? 82. What is interest? What is usury? What is the effect of usury upon a contract? What is the legal rate and the maximum rate of interest in your state? What debts carry interest? What is compound interest? When is it allowed? Problem 4. B bought goods of C to the amount of $215 on three months'' credit, which expired July 7. On September 3, C brought suit in New York against B for this debt. On November 10 a judgment was entered for C. On January 1 5 this judgment was paid, (a) Assuming that the disbursements and costs allowed C by the court amounted to $24.25, how much should the judgment be entered for? (b) How much would be paid to discharge it on January 15? Problem 5. B borrows of C in New York $ 1 oo for one year, and gives his promissory note for that amount with 6 per cent interest. In addition B pays C a bonus of $5; that is, C really pays over to B on the loan only $95. C sues B on this note. B pleads usury. Result? Problem 6. In the above case B is a corporation. Result? 83. What is a bank? Name and describe the different kinds of banks. How much capital must a national bank have in your city or village? Is there a state bank there? a savings bank? a trust company? a private banker? What advantages have trust companies over state or national banks? What is the federal reserve system? What are live accounts? What banks take deposits and allow interest? 84. What is the relation of a bank to a depositor? Who loses the money paid by a bank upon a forged check? If one has a note due and payable at a bank, explain what is done on the due date. What is a certificate of deposit? 85. Explain the process of borrowing money at a bank. What is discount? How... Ernest Wilson Huffcut, Books, History, The Elements Of Business Law; With Illustrative Examples And Problems Books>History <