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

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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 .