What is the definition of a loan in the US?
British Columbia, Canada
The following excerpt is from Lee v. 1137434 Alberta Ltd., 2009 BCSC 284 (CanLII):
The excerpt from Black’s Law Dictionary also refers to Parsons v. Fox, 179 Ga. 605 (1934), wherein the court defined a loan as delivery by one party and receipt by another party of money on agreement, express or implied, to repay the money with our without interest.
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