Kim Panenka asked to borrow $ 4,750 from her sister, Kris, to make a mortgage payment. Kris

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Kim Panenka asked to borrow $ 4,750 from her sister, Kris, to make a mortgage payment. Kris deposited a check for that amount into Kim’s bank account. Hours later, Kim asked to borrow another $ 1,100. Kris took a cash advance on her credit card and deposited this amount into Kim’s account. When Kim did not repay the amounts, Kris filed a suit, arguing that she had “loaned” Kim the money. Can the court impose a con-tract between the sisters? Explain.

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Business Law Text and Cases

ISBN: 978-1285185248

13th edition

Authors: Kenneth Clarkson, Roger LeRoy Miller, Frank Cross

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