Loan For Exchange

A loan for exchange is a contract by which one delivers personal property te another, and the latter agrees to return to the lender a similar thing at a future time, without reward for its use. Civil Code Cal. § 1902. thing to another, to use it according toi natural destination, or aceording to ft agreement, under the obligation on the p of the borrower to return it after he sh havedone using it. Civil Code La. art. 28 A loan for use is a contract by which one gives to another the teinporary possession and use of personal property, und the latter agrees to return the same thing to him at a future time, without reward forits use.

Civil Code Cal. § 1884.

A loan for useis the gratuitous grant of an article to another for use, to be returned in specie, and may be either for a certain time or indefinitely, and at the will of the grantor.

Code Ga. 1882, § 2126.

Loan for use (called “commodatum” in the civil law) differs trom a loan for consumption, (called “mutwum” in the civil law,) in this: that the commodatum must be specificalfy returned; the mutitum is to be returned in kind, In the case of & commoedutum, the property in the thing remaing in the lender; in a mituumn, the property passes to the borrower.

Bouvier,