Of course not, but putting a load on it does not create an additional phase.
Of course it doesn't create an additional phase, we're talking about a single phase system. Not sure I understand the point.
If I measure, with a meter, 240 volts from one hot to the other and 120 volts from either hot to N, how does that violate basic vector math?
I think its pretty clear that if you measure the magnitude and angle and measure the voltages from one hot to the other, we'd get a result that had the same magnitude for each measurement, but a voltage angle that was 180 degrees different for each measurement.
For example, Vab=240<0 and Vba=240<180.
Now lets measure from A to the neutral, I think we'd see 120<0. (And if we measured from Neutral to B, 120<0)
And from B to the neutral, I think we'd see 120<180 (And if we measured from Neutral to A, 120<180).
Adding Van+Vbn would give zero volts. Adding Vna+Vnb would give zero volts.
Adding Van+Vnb would give 240<0 volts, and adding Vbn+Vna would give 240<180 volts.
In other words...Vna=-Vnb, just as Vab=-Vba.