Spurgeon brought a suit against George's Bank alleging he was enticed into purchasing a defective product and claiming an intentional or negligent failure to warn of a defective product $($i$.$e$.,$ his mortgage loan$).$ Will a court find that Spurgeon's mortgage loan is a product?

No$,$ because the language of products liability law reflects its focus on tangible items

Yes, but it is unlikely that Spurgeon's mortgage loan would be found to be defective

Yes, because mortgage loan is an item listed as an example of items covered by product liability claims

Yes, because there is case law supporting the contention that a loan is a product

No$,$ because banks cannot be sued