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Contracts Of Loan For Use

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Chapter Summary

This chapter presents 8 articles on contracts of loan for use. The presented articles are: definition of contract of loan for use, real nature of the contract of loan for use, lender's obligation of warranty against defects, use method of the thing loaned, borrower's duty to preserve, transfer of the thing loaned by the borrower, lender's duty to return and particular causes for terminating the contract of loan for use. A contract of loan for use shall be established when the thing loaned is handed over to the borrower, unless otherwise agreed by the parties or provided by trade usage. The borrower shall use the thing loaned in the method as agreed. The borrower shall not be responsible for any deterioration of the thing loaned if he uses the thing loaned in the method as agreed or in accordance with its ordinary use.

Keywords: contracts of loan; lender's obligation



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