The total force on the loop is zero because the forces on the opposite sides of the loop are equal but act in opposite directions and as a result they cancel each other out. The two forces on opposite sides to the axis of rotation each give rise to a torque about the axis of rotation. This torque is directed along the axis of rotation.
The law of conservation of momentum states that the total momentum of interacting objects does not <u>change</u>. This means the total momentum <u>before</u><u> </u>a collision or explosion is equal to the total momentum <u>after</u><u> </u>a collision or explosion.