Page:United States Statutes at Large Volume 47 Part 1.djvu/1266

 1242 Ante, p. 1226. Post, p. 1243. LOAN. For use. Definition. Title to property lent. Post, p.1243. Rel end ing. Expenses of. 72d C ONGRESS. SESS. II. CH.. 128. FEBRU ARY 27, 1933 . DEPOSIT FOR CH APT ER 38 .-DEPOSIT FOR EXCHANGE EXCHANOE. Relations of the par- SEC. 796 . RELATIONS OF THE PARTIES .-A deposit for exchang e ties. transfers to the depositary the title to the thing deposited, and creates between him and the depositor the relation of debtor and creditor merely. CRASS REFERENCES Deposit for exchange, defined, see section 704. Loan for exc hange, see se ctions 81 0 et seq. CHA PTE R 39 .-LOAN LOAN FOR USE SEC. 797. L OAN, WHAT.-A loan for use is a contract by which one gives to another the temporary possession and use of personal prop- erty, and the latter agrees to return the same thing to him at a future time, without reward for its use. SEC. 798. TrrLE To PROPERTY LENT. -A loan for use does not trans- fer the title to the thing ; and all its increase during the period of the loan belongs to the lender. CROSS REFERENCs Title to thing lent on loan for exchange, see section 812 . Care required of bor. ,SEC. 799 . CARE REQUIRED OF BORROWER .-A borrower for use must rower. use great care for the preservation in safety and in good condition of the thing lent. Living animals. SEC. 800. SAME .-One who borrows a living animal for use, must treat it with great kindness and provide everything necessary and suitable for it. CROsRE s rwa Ante, p .1228. Depositary of living animals for keeping, see section 713. Degree ofslrflL SEC. 801. DEGREE OF SKILL.-A borrower for use is bound to have and to exercise such skill in the care of the thing lent as h e causes the lender to believe him to possess. Repair of injuries. SEC. 802. BORROWER, WHEN TC REPAIR INJURIES .-A borrowe r for use must repair all deteriorations or injuries to the thing lent which are occasioned by his negligence, however slight. Use of thing lent. SEC. 803. USE OF TH ING LEN T .-Th e bor rower ofa thing for use may use it for such purposes only as the lender might reasonably anticipate at the time of lending. CROSS RF reNO Relend ing for bidden, see s ection 804 . SEC. 804. RELENDING FORBIDDEN .-The borrower of a thing for use must not part with it to a third person, without the consent of the len der. SEC. 805. BORROWER, WHEN TO BEAR E XPENS ES .-T he borr ower of a thing for use must bear all its expenses during the loan, except such as are necessarily incurred by him to preserve it from unex- pected and unusu al inj ury. For such expenses he is entitled to compensation from the lender, who may, however, exonerate him- self by surrendering the thing to the borrower. CRASS ReuERENCa Post, p. 1243. Liability for e xpens es, see section 812.