Matter of Mortimer Nurse

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• stating that the benchmark for economic reality is whether a third-party lender would have made the advances in substantially the same form and on substantially the same terms
• purported loans that contained no written agreement, security interest, provision for the payment of interest, or a schedule for repayment justified a conclusion that no outside lender would have made loans on the \anywhere near the same\ terms
• credits, like deductions, are a matter of legislative grace

Source: CourtListener parenthetical corpus (CC0).