Define Commodatum Agreement

1. COMMODATUM 2. PRECARIUM – a thing for which the Bailor can demand the borrowed thing as he pleases Art. 1936. Consumer goods may be the subject of the date of commo if the purpose of the contract is not the consumption of the thing, but only for the exhibition. (n) Art. 1937. Movable or immovable property may be the subject of a commo date. (n) Art. 1938.

The bailor in commodatum does not need to be the owner of the borrowed thing. (n) Art. 1939. The date of commo is purely personal. Therefore: (1) The death of the Bailors or Bailee expires; 2. The guarantor may neither lend nor lease the object of the contract to third parties. However, members of the surety`s household may make use of the borrowed thing, unless there is a provision to the contrary or the nature of the matter prohibits its use. (n) Art. 1940.

The provision that the surety may use the fruits of the borrowed thing applies. If the guarantor is not entitled to the use of the borrowed thing, the contract may be the surety5. The THEME is usually a non-consumable thing, real or personal. It may be that the lens is only used to exhibit the borrowed thing. If this is the case, the object of a consumable may be6. The Bailor must NOT BE THE OWNER OF THE BORROWED THING 7. The commo date is of a purely personal nature. Therefore:a.

The death of the Bailors or the Bailee expires; b. The guarantor may not lend the object of the contract or lease it to third parties. However, members of the surety`s household may make use of the borrowed thing, unless there is a provision to the contrary or the nature of the matter prohibits its use. Commodate (commodatum) a loan of the use of a thing; LOAN FOR USE, or COMMODATUM, contracts. A surety or loan of an item for a certain period of time, which must be used by the borrower without paying. 2 Kent`s Com. 446, 447. Sir William Jones defines it as a surety for a cause for a certain period of time that must be used by the borrower without paying for it….