| econ. |
payment of reasonable interest, fixed schedule of repayment, and repayment (The court applied seven factors in determining that there was not a bona fide loan: (1) existence of a note comporting with the substance of the transaction, (2) payment of reasonable interest, (3) fixed schedule of repayment, (4) adequate security, (5) repayment, (6) reasonable expectation of repayment in light of the economic realities, and (7) conduct of the parties indicating a debtor-creditor relationship – by Steve R. Akers & Philip J. Hayes Tamerlane) |
