(1) A „quasi-loan“ is a transaction under which one party („the creditor“) agrees to pay, or pays otherwise than in pursuance of an agreement, a sum for another („the borrower“) or agrees to reimburse, or reimburses otherwise than in pursuance of an agreement, expenditure incurred by another party for another („the borrower“)–-
(a) on terms that the borrower (or a person on his behalf) will reimburse the creditor; or
