-10-
security deposit. She also needed money to buy inventory for the
newly opened shop in Carlsbad, as well as to pay for display
units and fixtures such as counters, shelving, and special
lighting. On the respective days January 6 and 9, 1998, LeBloch
lent Michelsen $20,000 and $10,000 for use in the business of NT.
On each of the days January 14 and February 2 and 6, 1998,
LeBloch lent $10,000 directly to NT. Each of these five loans
was informal, the principals thereto (husband and wife)
understanding that Michelsen (with respect to the first two
loans) and NT (with respect to the last three loans) would repay
the loans without interest in the near future when the shops’
cashflow allowed her or it to do so. Of the $60,000 in loans
made in 1998 ($20,000 + $10,000 + $10,000 + $10,000 + $10,000),
$15,000 was repaid to LeBloch in 1998 ($10,000 on April 8, 1998,
and $5,000 on May 8, 1998) and $20,000 was repaid to LeBloch in
1999 ($10,000 on January 19, 1999, and $10,000 on May 8, 1999).
Michelsen (or NT) used all of the $60,000 in loan proceeds in the
business of the Nature’s Touch shops, and as of the time of
trial, all of the $60,000 had been repaid.
During 1999, petitioners traveled to Australia and Tahiti.
Petitioners flew from Los Angeles, California, to Sydney,
Australia, on September 16, 1999. They stayed in Sydney for 3
nights and then rented a car and drove to Brisbane. On October
1, 1999, they flew from Brisbane to Papeete, Tahiti. They stayed
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