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2020 Georgia Code
Title 44 - Property
Chapter 12 - Rights in Personalty
Article 3 - Bailments
Part 4 - Loans of Property
§ 44-12-113. Liability of Borrower - Effect of Intended Benefit of Loan
Universal Citation: GA Code § 44-12-113 (2020)
A loan is generally entirely for the benefit of the borrower, but sometimes it is for the joint benefit of the lender and the borrower and occasionally it is for the exclusive benefit of the lender. Where the loan is for the joint benefit of the lender and the borrower or is for the exclusive benefit of the lender, the responsibility of the borrower is varied and less stringent according to the circumstances and purpose of the loan.
(Orig. Code 1863, § 2105; Code 1868, § 2100; Code 1873, § 2127; Code 1882, § 2127; Civil Code 1895, § 2946; Civil Code 1910, § 3518; Code 1933, § 12-503.)
RESEARCH REFERENCES
Am. Jur. 2d.
- 8 Am. Jur. 2d, Bailments, §§ 6, 161.
C.J.S.- 8 C.J.S., Bailments, § 46 et seq.
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