Loan for use defined

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70-7-102. Loan for use defined. A loan for use is a contract by which one gives to another the temporary use and possession of personal property and the latter agrees to return the same thing to the loaning person at a future time without reward for its use.

History: En. Sec. 2550, Civ. C. 1895; re-en. Sec. 5188, Rev. C. 1907; re-en. Sec. 7702, R.C.M. 1921; Cal. Civ. C. Sec. 1884; Field Civ. C. Sec. 948; re-en. Sec. 7702, R.C.M. 1935; R.C.M. 1947, 47-101; amd. Sec. 2097, Ch. 56, L. 2009.


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