• § 44-12-110 - Kinds of Loans; Nature of Loan for Consumption
  Loans may be either for consumption or for use. A loan for consumption is a loan of an article which is not to be...
• § 44-12-111 - Nature of Loan for Use
  A loan for use is the gratuitous grant of an article to another for his use with the expectation that the article will be...
• § 44-12-112 - Liability of Borrower -- Duty of Extraordinary Care
  The borrower is usually bound to exercise extraordinary care and diligence and is liable for slight neglect.
• § 44-12-113 - Liability of Borrower -- Effect of Intended Benefit of Loan
  A loan is generally entirely for the benefit of the borrower, but sometimes it is for the joint benefit of the lender and the...
• § 44-12-114 - Right of Borrower to Possession; Action for Interference
  The borrower acquires no property right in the thing loaned but only the right to possess and use it. The borrower may bring an...
• § 44-12-115 - When Borrower May Transfer Thing Loaned; Liability of Article to Levy and Sale
  If a loan is for the personal benefit and use of the borrower, he cannot transfer the possession of the thing loaned to another...
• § 44-12-116 - Revocability of Loans
  The lender may not revoke a loan which is made for a definite time so long as the borrower meets fully his engagements with...
• § 44-12-117 - Liability for Necessary and Extraordinary Charges and Expenses
  Since a loan is gratuitous, the borrower must pay all necessary charges and expenses in preserving and taking care of the property during the...
• § 44-12-118 - Ownership of Increase in Loaned Property
  The increase of loaned property, except property loaned by special contract, belongs to the lender.
• § 44-12-119 - How Loaned Property Used; Acts Considered As Conversion
  The property loaned must be used strictly for the purpose and in the manner contemplated by the parties. A violation by the borrower is...
• § 44-12-120 - When Death of Parties Terminates Loans
  The death of the lender terminates all indefinite loans or loans at will or pleasure. It does not terminate a loan for a definite...

Last modified: October 14, 2016