Contracts listed below would be enforceable in iowa

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Explain (note the word explain) whether contracts listed below would be enforceable in Iowa. Don't be afraid to use the internet if you need some help:

a) A personal loan from a local bank for $5,000 at 40% interest.

b) An insurance policy on the life of your minor child.

c) A credit card from CitiBank in South Dakota issued to an Iowa customer, charging 40% interest.

d) A life insurance policy that names your car lender as the beneficiary, payable in the event of your death up to the amount of the balance of your car loan.

e) A contract with your local handyman to replace a doorknob.

f) A contract with an electrician to install a new electrical panel.

g) A credit card from your local Iowa based bank with 40% interest.

h) An agreement with your local delivery service to transfer packages from a warehouse to a storefront, when those packages turn out to contain meth.

Reference no: EM132127015

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