Loan for exchange--Definition.

Checkout our iOS App for a better way to browser and research.

43-37-2. Loan for exchange--Definition.

If the borrower agrees to return at a future time a similar thing instead of the identical thing borrowed, the loan is a loan for exchange.

Source: CivC 1877, §1087; CL 1887, §3710; RCivC 1903, §1406; RC 1919, §1029; SDC 1939, §38.0201.


Download our app to see the most-to-date content.