Loan defined as anything given for temporary use on condition of return, distinguishing gratuitous loans and borrower duties. The term loan means anything furnished to another on condition of return or repayment, covering temporary use and consumption. Gratuitous loans correspond ... Summary
Loan defined as anything given for temporary use on condition of return, distinguishing gratuitous loans and borrower duties.
The term loan means anything furnished to another on condition of return or repayment, covering temporary use and consumption. Gratuitous loans correspond to commodatum (loan for use) and mutuum denotes loans for consumption. The borrower must use the thing for the agreed purpose, take proper care, preserve it per the lender's intention, and restore it at the proper time and in proper condition; loans are generally strictly personal absent a contrary intention.
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