By a loan for exchange the title to the thing lent is transferred to the borrower, and he must bear all its expenses, and is entitled to all its increase.
Cal. Civ. Code § 1904
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 Farmers Union Corp. v. Commissioner (August 1960)
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.