18 GCA BUSINESS STRUCTURE & FUNCTION CH. 46 LOAN FOR EXCHANGE CHAPTER 46 LOAN FOR EXCHANGE § 46101. Loan for Exchange. § 46102. Same. § 46103. Title to Property Lent. § 46104. Contract not Modified. § 46105. Certain Sections Applicable. § 46101. 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. SOURCE: CC § 1902. § 46102. Same. A loan, which the borrower is allowed by the lender to treat as a loan for use, or for exchange, at his option, is subject to all the provisions of this Chapter. SOURCE: CC § 1903. § 46103. Title to Property Lent. By a loan for exchange the title to the thing lent is transferred to the borrower, and he must bear all its expenses, and is entitled to all its increase
SOURCE: CC § 1904. § 46104. Contract not Modified. A lender for exchange cannot require the borrower to fulfill his obligations, at a time, or in a manner, different from that which was origi- nally agreed upon. SOURCE: CC § 1905
§ 46105. Certain Sections Applicable. Sections 45110, 45112 and 45113 apply to a loan for exchange. SOURCE: CC § 1906. NOTE: No 1970 Civil Code '§ 1907-1911 existed. COL120106 1 18 GCA BUSINESS STRUCTURE & FUNCTION CH. 46 LOAN FOR EXCHANGE COL120106
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