I'd like to know who sings or the song title of these lyrics: " I owe you (or IOU) oh you got to me, I'm gonna love you right back, I'm gonna repay you with love baby"

Ok... I'll cut to the chase... been looking for this song for about 2 weeks and still cannot find an answer to who sings it and what it's called! :( It's quite a 80s - 90s song, and it's dance/pop-ish. I'm sure it's called "Ooh La La La...I love you baby!"... but I could be wrong... The chorus...

Song for the early 80's... love song... lyrics I remember... I knew that there was nothing I wanted to do but spend my life with you... I want to hold you in my arms and tell you what I want to do...

"Just the other day I ran into a good old friend of yours, I had to ask her how have you been, she told me you were engaged and happy, my heart fell to the floor, I know it should've been me,but I couldn't see you with no one else but I'll believe it Chorus When I see you standing there I'll ...