§ 44-12-110 - Kinds of loans; nature of loan for consumption

O.C.G.A. 44-12-110 (2010)
44-12-110. Kinds of loans; nature of loan for consumption


Loans may be either for consumption or for use. A loan for consumption is a loan of an article which is not to be returned in specie, but in kind; this is a sale and not a bailment.