Commodate
Way of acquiring something for an extended period of time without transferring ownership
Nº Q1580844 ★★★
Rare · Knowledge
Commodate
Way of acquiring something for an extended period of time without transferring ownership
A commodate (Latin: commodatum), also known as loan for use, in civil law and Scots Law is a gratuitous loan; a loan, or free concession of anything moveable or immoveable, for a certain timeframe, on condition of restoring again the same individual after a certain time. It is a kind of loan, or contract, with one difference: the commodate is gratis, and does not transfer the property; the thing must be returned in essence, and without deterioration, so that things which consume by use, or time, cannot be objects of a commodate, but of a loan,...
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From Wikipedia
A commodate (Latin: commodatum), also known as loan for use, in civil law and Scots Law is a gratuitous loan; a loan, or free concession of anything moveable or immoveable, for a certain timeframe, on condition of restoring again the same individual after a certain time. It is a kind of loan, or contract, with one difference: the commodate is gratis, and does not transfer the property; the thing must be returned in essence, and without deterioration, so that things which consume by use, or time, cannot be objects of a commodate, but of a loan, because although they may be returned in kind, they cannot in identity.
Text: Wikipédia, CC BY-SA 4.0. ·