Since Morton lends money as a business loan to Luisa, If Morton must sue for repayment, he would sue: Luisa.
Contract law can be defined as a set of law that governs oral and written agreements between two or more parties with respect to the buying and selling of goods, services, debt, loans, property, etc.
A loan simply refers to an amount of money that is typically being borrowed by a borrower from a bank or other financial institutions (lender), and it is generally expected to be paid back by a borrower to the lender at a specific period of time with an agreed interest.
Under contract law, Morton should sue Luisa who is the owner of Luisa's things for repayment of the money that was loaned to her.
Read more on a contract law here: brainly.com/question/28180355
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Complete Question:
Morton lends money as a business loan to Luisa, who is capitalizing her start-up sole proprietorship named Luisa's Things. If Morton must sue for repayment, he would sue?
A. no one, since the loan makes him a partner.
B. Luisa's Things.
C. Luisa and Luisa's Things.
D. Luisa.
