John loans george money and they sign a written agreement


John loans George money and they sign a written agreement whereby George will repay John in monthly installments. Is this loan subject to the Truth-in-Lending Act?

A) Yes, if the loan is for more than $1,000.
B) Yes, if John and George live in different states.
C) No, if John is not in the business of offering credit.
D) No, if John and George are related.

Request for Solution File

Ask an Expert for Answer!!
Business Law and Ethics: John loans george money and they sign a written agreement
Reference No:- TGS01363549

Expected delivery within 24 Hours