Page 473 - Important Provisions of The New Civil Code

Article 1939. Commodatum is purely personal

in character. Consequently:

(1) The death of either the bailor or the

bailee extinguishes the contract;

(2) The bailee can neither lend nor lease the

object of the contract to a third person.

However, the members of the bailee's

household may make use of the thing

loaned, unless there is a stipulation to the

contrary, or unless the nature of the thing

forbids such use. (n)

Article 1940. A stipulation that the bailee may

make use of the fruits of the thing loaned is

valid. (n)