bls 7 -...

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However, it violated the first amendment! Jews relax on Saturday Usury statutes Practice of charging excessive, unreasonably high, and often illegal Corporations are allowed however Some states say that if you charge higher than the usury rate, you can’t get anything  back; some states say that you can get the principal, but not the interest; some states  say that you can get the principal, but get the usury interest rate instead of what was  charged Licensing statutes People who want to do something might have a requirement to get a license Doctors, bars, teachers, etc. 2 reasons: Regulatory license: to regulate, to insure standards and keep out incompetent people  out; if doctor didn’t have a license and gave you surgery, the agreement is void b/c they 
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This note was uploaded on 12/10/2011 for the course BLS 342 taught by Professor Miller during the Fall '08 term at Miami University.

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