Chapter 13 - Chapter 13- Illegal Bargains Regulatory...

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Chapter 13- Illegal Bargains Regulatory license to protect the public from unscrupulous professions (ex: malpractice) Revenue-raising license the gov’t uses this to raise money P.C. Pools vs. Turner Construction - when the job was started, PCP had a license - they didn’t pay license fee and got it suspended after working from April 1995-June 1996 - if they don’t have a regulatory license, a contract can’t be enforced, therefore they can’t collect the rest of the money they were supposed to get after the license suspension but they can keep the money they already received Usury must have: 1. a loan 2. of money 3. repayable absolutely 4. for which an interest charge is exacted in excess of the interest rate allowed by law Dunham vs. Burns - defendant claims that the interest rate is excessive - loan is usurious because it exceeds the 28% interest rate Sale of a business to enforce a covenant, there must be reasonable constraints in terms of geographic area, the time period, and the hardship imposed on the promisor and the
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This note was uploaded on 10/25/2009 for the course BSL 212 taught by Professor Guzzi during the Spring '07 term at University of Miami.

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Chapter 13 - Chapter 13- Illegal Bargains Regulatory...

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