Chapter 45

COL12010618GCA BUSINESS STRUCTURE &FUNCTION CH.45LOAN FOR USE 1PART 4 LOANS Chapter 45. Loan for Use. Chapter 46. Loan for Exchange. Chapter 47. Loan of Money . ---------- CHAPTER 45 LOAN FOR USE § 45101. What is a Loan. § 45102. Title to Property Lent. § 45103. Care Required of Borrower. § 45104. Care Requir ed of Borrowed Animals. § 45105. Degree of Skill. § 45106. Borrower to Repair Injuries. § 45107. Use of thing Lent. § 45108. Relending Forbidden. § 45109. Borrower to Bear Expenses. § 45110. Lender Liable for Defects. § 45111. Lender may Require Ret urn. § 45112. Returnable without Demand. § 45113. Place of Return. § 45101. What is a Loan. A loan for use is a contract by which one gives to another the temporary possession and use of personal prop erty, and the latter agrees to return the same thin g to him at a future time, without reward for its use. SOURCE: CC § 1884. § 45102. Title to Property Lent. A loan for use does not transfer title to the thing; and all its increase during the period of the loan be longs to the lender . COL12010618GCA BUSINESS STRUCTURE &FUNCTION CH.45LOAN FOR USE 2SOURCE: CC § 1885 . § 45103. Care Required of Borrower .

ng; and all its increase during the period of the loan be longs to the lender . COL12010618GCA BUSINESS STRUCTURE &FUNCTION CH.45LOAN FOR USE 2SOURCE: CC § 1885 . § 45103. Care Required of Borrower . A borrower for use must use great care for the preservation in safety and in good condition of the thing lent. SOURCE: CC § 1886. § 45104. Care Required of Borrowed Animals. One who borrows a living animal for us e, must treat it with great kindness, and provide every thing necessary and suitable for it. SOURCE: CC § 1887. § 45105. Degree of Skill. A borrower for use is bound to have and to exercise such skill in the care of the thing lent as he causes the lende r to believe him to possess. SOURCE: CC § 1888. § 45106. Borrower to Repair Injuries. A borrower for use must repair all deteriorations or injuries to the thing lent, which are occa sioned by his negligent, however, slight. SOURCE: CC § 1889. § 45107. Use of Thing Lent. The borrower of a thing for use may use it for such purposes only as the lender might reasonably anticipate at the time of lending. SOURCE: CC § 1890. § 45108. Relending Forbidden.

Use of Thing Lent. The borrower of a thing for use may use it for such purposes only as the lender might reasonably anticipate at the time of lending. SOURCE: CC § 1890. § 45108. Relending Forbidden. The borrower of a thing for use must not part with i t to a third person, without the consent of the lender. SOURCE: CC § 1891. § 45109. Borrower to Bear Expenses. The borrower of a thing for use must bear all its expenses during the loan, except such as are necessarily incurred by him to preserve it from unexpected and unusual injury . For such ex penses he is entitled to compensation from the lender , who may , however, exonerate himself by surrendering the thing to the borrower.COL12010618GCA BUSINESS STRUCTURE &FUNCTION CH.45LOAN FOR USE 3SOURCE: CC § 1892. § 45110. Lender Liable for Defects. The lender of a thing for use must indemnify the borrower for damage caused by defects or vices in it, which he knew at the time of lending, and concealed from the borrower . SOURCE: CC § 1893. § 45111. Lender may Require Return. The lender of a thing for use may at any time require its return, even though he lent it for a specified time or purpose.

ed from the borrower . SOURCE: CC § 1893. § 45111. Lender may Require Return. The lender of a thing for use may at any time require its return, even though he lent it for a specified time or purpose. But if, on the faith of such agreement, the borrower has made such arrangements that a return of the thing before the period agreed upon would cause him loss, exceeding the benef it derived by him from the loan, the lender must indemnify him for such loss, if he compels such return, the borrower not having in any manne r violated his duty . SOURCE: CC § 1894. § 45112. Returnable without Demand. If a thing is lent for use for a spec ified time or purpose, it must be returned to the lender without demand, as soon as the time has ex pired, or the purpose has been accomplished. In other cases it need not be returned until demanded. SOURCE: CC § 1895. § 45113. Place of Return. The borr ower of a thing for use must return it to the lender , at the place contemplated by the parties at the time of lending; or if no particular place was so contemplated by them, then at the place where it was at that time. SOURCE: CC § 1896. NOTE: No 1970 Ci vil Code '§ 1897 -1901 existed.

parties at the time of lending; or if no particular place was so contemplated by them, then at the place where it was at that time. SOURCE: CC § 1896. NOTE: No 1970 Ci vil Code '§ 1897 -1901 existed. ----------COL12010618GCA BUSINESS STRUCTURE &FUNCTION CH.45LOAN FOR USE