A loan for exchange is a contract by which one delivers personal property to another, and the latter agrees to return to the lender a similar thing at a future time, without reward for its use.
Cal. Civ. Code § 1902
Loan for Exchange
Applied in 2 court decisions — leading case 133 Cal. App. 2d 763 - Stafford v. Oil Tool Corp. (1955)
Most recently applied in 133 Cal. App. 2d 763 - Stafford v. Oil Tool Corp. (June 1955)
Enacted 1872.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.