Contract law. Agreement for free use (loan agreement) (most important)

Lecture notes, cheat sheets
Free library / Directory / Lecture notes, cheat sheets

Contract law. Agreement for free use (loan agreement) (most important)

Lecture notes, cheat sheets

Table of contents (expand)

42. FREE USE AGREEMENT (LOAN AGREEMENT)

Agreement for gratuitous use (loan agreement) - an agreement when one party (the lender) undertakes to transfer or transfers the thing for free temporary use to the other party (the borrower), and the latter undertakes to return the same thing in the condition in which it received it, taking into account normal wear and tear or in a condition due to contract.

The gratuitous use agreement is:

1) consensual - the contract is considered concluded from the moment when the parties have reached an agreement on all essential terms;

2) free of charge;

3) mutual.

subject of a contract - any property, both movable and immovable, but it must be separate and not lose its natural properties in the process of use, i.e. be a non-consumable thing.

Parties to the contract - the lender and the borrower. Any participant in civil circulation can act on either side.

Contract form:

a) oral (if the transaction is insignificant in the amount of less than 10 minimum wages);

b) written (if the subject of the contract is real estate, then with mandatory state registration).

Risk of accidental death or accidental damage the thing received for gratuitous use lies with the borrower:

1) if the thing was destroyed or damaged due to the fact that he used it not in accordance with the contract for gratuitous use or the purpose of the thing, or transferred it to a third party without the consent of the lender;

2) if, taking into account the actual circumstances, he could prevent its death or damage by sacrificing his thing, but preferred to keep his thing.

The lender has the right to demand early termination gratuitous use agreements in cases where the borrower:

a) uses the thing not in accordance with the contract or the purpose of the thing;

b) does not fulfill the obligation to maintain the thing in good condition or its maintenance;

c) significantly worsens the condition of the item;

d) transferred the thing to a third party without the consent of the lender.

The borrower has the right to demand before urgent termination gratuitous use agreements:

a) upon discovery of defects that make the normal use of the thing impossible or burdensome, the presence of which he did not know and could not know at the time of the conclusion of the contract;

b) if the thing, due to circumstances for which he is not responsible, turns out to be in a condition unsuitable for use;

c) if, at the conclusion of the contract, the lender did not warn him about the rights of third parties to the transferred thing;

d) if the lender fails to fulfill the obligation to transfer the thing or its accessories and related documents.

Author: Rezepova V.E.

<< Back: Residential lease agreement

>> Forward: Contract agreement (general provisions)

We recommend interesting articles Section Lecture notes, cheat sheets:

▪ World economy. Lecture notes

▪ Labor protection and safety. Crib

▪ Foreign literature of ancient eras, the Middle Ages and the Renaissance in brief. Crib

See other articles Section Lecture notes, cheat sheets.

Read and write useful comments on this article.

<< Back

Latest news of science and technology, new electronics:

The existence of an entropy rule for quantum entanglement has been proven 09.05.2024

Quantum mechanics continues to amaze us with its mysterious phenomena and unexpected discoveries. Recently, Bartosz Regula from the RIKEN Center for Quantum Computing and Ludovico Lamy from the University of Amsterdam presented a new discovery that concerns quantum entanglement and its relation to entropy. Quantum entanglement plays an important role in modern quantum information science and technology. However, the complexity of its structure makes understanding and managing it challenging. Regulus and Lamy's discovery shows that quantum entanglement follows an entropy rule similar to that for classical systems. This discovery opens new perspectives in the field of quantum information science and technology, deepening our understanding of quantum entanglement and its connection to thermodynamics. The results of the study indicate the possibility of reversibility of entanglement transformations, which could greatly simplify their use in various quantum technologies. Opening a new rule ... >>

Mini air conditioner Sony Reon Pocket 5 09.05.2024

Summer is a time for relaxation and travel, but often the heat can turn this time into an unbearable torment. Meet a new product from Sony - the Reon Pocket 5 mini-air conditioner, which promises to make summer more comfortable for its users. Sony has introduced a unique device - the Reon Pocket 5 mini-conditioner, which provides body cooling on hot days. With it, users can enjoy coolness anytime, anywhere by simply wearing it around their neck. This mini air conditioner is equipped with automatic adjustment of operating modes, as well as temperature and humidity sensors. Thanks to innovative technologies, Reon Pocket 5 adjusts its operation depending on the user's activity and environmental conditions. Users can easily adjust the temperature using a dedicated mobile app connected via Bluetooth. Additionally, specially designed T-shirts and shorts are available for convenience, to which a mini air conditioner can be attached. The device can oh ... >>

Energy from space for Starship 08.05.2024

Producing solar energy in space is becoming more feasible with the advent of new technologies and the development of space programs. The head of the startup Virtus Solis shared his vision of using SpaceX's Starship to create orbital power plants capable of powering the Earth. Startup Virtus Solis has unveiled an ambitious project to create orbital power plants using SpaceX's Starship. This idea could significantly change the field of solar energy production, making it more accessible and cheaper. The core of the startup's plan is to reduce the cost of launching satellites into space using Starship. This technological breakthrough is expected to make solar energy production in space more competitive with traditional energy sources. Virtual Solis plans to build large photovoltaic panels in orbit, using Starship to deliver the necessary equipment. However, one of the key challenges ... >>

Random news from the Archive

pool rescue robot 07.03.2020

Israeli AI startup Coral Detection Systems has created the Manta 3000, a slender robot with a self-contained camera that scans swimming pools and recognizes drowning people.

Swimming pool drowning is the third leading cause of death from unintentional injury. More than 320 people drown in swimming pools every year. The company believes that the new device will help save thousands of lives.

The Manta 3000 is essentially a fully autonomous pool scanner that monitors a 10 by 10 meter area with an underwater camera connected to a computer vision system linked to artificial intelligence.

AI notices people entering the pool, and follows them, while distinguishing who is who, remembering and recognizing faces. As people enter and exit the pool, the Manta 3000 makes notes accordingly. If a person dives under water and does not emerge for more than 15 seconds, the robot emits an alarm signal. If a person does not emerge, then an alarm is activated.

This allows people around to quickly respond to an accident and save a drowning person as quickly as possible. Drowning happens quickly, and delay is fraught with brain injury.

Once installed, the robot does not need human assistance: it is always on and uses solar energy to operate. In addition, it can run on a backup battery. That is, you do not need to turn it on or install it every time you use the pool: it just works.

The price of the novelty is 2500 USD.

Other interesting news:

▪ Wacom professional graphics tablets

▪ 19" LCD display from Buffalo Corporation

▪ Advanced EV batteries from QuantumScape

▪ Apple phones will be able to fall like cats

▪ Typhoon Portable DVD Player

News feed of science and technology, new electronics

Interesting materials of the Free Technical Library:

▪ site section Electrician's tool. Article selection

▪ article by William Butler Yeats. Famous aphorisms

▪ article How did the Japanese division of the day into hours differ from the Western one before 1873? Detailed answer

▪ article Electric winch driver. Standard instruction on labor protection

▪ article 6H13S lamp fixed bias options. Encyclopedia of radio electronics and electrical engineering

▪ article Guessing the general meaning of cards. Focus Secret

Leave your comment on this article:

All languages of this page

Home page | Library | Articles | Website map | Site Reviews