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(a) Every contract by which anyone is restrained from exercising a lawful profession, trade, or business of any kind otherwise than is provided by this section is to that extent void.
Alabama's interest rate laws are outlined in the table below. The legal maximum interest rate, if agreed upon in writing, is 8% per year, otherwise the maximum rate is 6% per year. If the interest charged exceeds the amount legally permitted by Alabama law, it's usurious.
This varies by state. Alabama's interest rate laws are outlined in the table below. The legal maximum interest rate, if agreed upon in writing, is 8% per year, otherwise the maximum rate is 6% per year. If the interest charged exceeds the amount legally permitted by Alabama law, it's usurious.
No consent shall be required in order for a licensed physician, psychiatrist or psychologist to render any legally authorized medical or mental health services to a person when said person is either physically unable to consent or mentally unable to consent and who, but for said mental or physical disability, would be ...
The Uniform Fraudulent Transfer Act (UFTA) (enacted in Alabama in 1989 as Alabama Code §8-9A-1 et seq., with only minor variations) governs not only transfers made with the intent to hinder or delay any creditor but also transfers made by an insolvent or to be insolvent debtor for less than reasonably equivalent value.
Except as otherwise provided by law, the maximum rate of interest upon the loan or forbearance of money, goods, or things in action, except by written contract is $6 upon $100 for one year, and the rate of interest by written contract is not to exceed $8 upon $100 for one year and at that rate for a greater or less sum ...