Page:United States Statutes at Large Volume 76A.djvu/267

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–171–

-171§ 1963. Care required of borrower A borrower for use shall use great care for the preservation in safety and in good condition of the thing lent. § 1964. Treatment of animals by borrower One who borrows a living animal for use shall treat it with great kindness and provide everything necessary and suitable for it. § 1965. Degree of skill A borrower for use shall have and exercise such skill in the care of the thing lent as he causes the lender to believe him to possess. § 1966. Borrower to repair injuries A borrower for use shall repair all deteriorations or injuries to the thing lent which are occasioned by his negligence, however slight, § 1967. Use of thing lent The borrower of a thing for use may use it for such purposes only as the lender might reasonably anticipate at the time of lending. § 1968. Relending forbidden The borrower of a thing for use may not part with it to a third person, without the consent of the lender. § 1969. Expenses of thing lent The borrower of a thing for use shall bear all its expenses during the loan, except such as are necessarily incurred by him to preserve it from unexpected and unusual injury. For those expenses he is entitled to compensation from the lender, who may, however, exonerate himself by surrendering the thing to the borrower. § 1970. Liability of lender for defects The lender of a thing for use shall indemnify the borrower for damage caused by defects or vices in it, which he knew at the time of lending, and concealed from the borrower. § 1971. Return of thing lent; time, indemnification for loss The lender of a thing for use may at any time require its return, even though he lent it for a specified time or purpose. But if, on the faith of such an agreement, the borrower has made such arrangements that a return of the thing before the period agreed upon would cause him loss, exceeding the benefit derived by him from the loan, the lender shall indemnity him for the loss, if he compels the return, the borrower not having in any manner violated his auty. § 1972. When returnable without demand If a thing is lent for use for a specified time or purpose, it must be returned to the lender without demand, as soon as the tmie has expired, or the purpose has been accomplished. In other cases it need not be returned until demanded. § 1973. Place of return The borrower of a thing for use shall return it to the lender, at the place contemplated by the parties at the time of lending; or if a particular place was not so contemplated by them, then at the place where it was at the time. Subchapter II—Loan for Exchange § 1991. Definition of loan for exchange A loan for exchange is a contract by which one delivers personal property to another, and the latter agrees to return to the lender a similar thing at a future time, without reward for its use.