Page 470 - Important Provisions of The New Civil Code

LOAN

Article 1933. By the contract of loan, one of the

parties delivers to another, either something

not consumable so that the latter may use the

same for a certain time and return it, in which

case the contract is called a commodatum; or

money or other consumable thing, upon the

condition that the same amount of the same

kind and quality shall be paid, in which case the

contract is simply called a loan or mutuum.