Legal Question in Business Law in Indiana
If I paid a bill for someone and then asked them to repay the amount plus a certain percent extra is that considered a loan by law?
Asked on 7/08/13, 8:30 pm
2 Answer from Attorneys
Jay Rigdon
Rockhill Pinnick LLP
If the other party agreed to this before you paid the bill, it is a loan. If you paid it and THEN decided you would like to get your money back, it is a gift.
Answered on 7/14/13, 1:03 pm
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