SECTIONS 1912-1916.12 - California Statutes

CIVIL CODE

SECTION 1912-1916.12

1912. A loan of money is a contract by which one delivers a sum of
money to another, and the latter agrees to return at a future time a
sum equivalent to that which he borrowed. A loan for mere use is
governed by the Chapter on Loan for Use.

1913. A borrower of money, unless there is an express contract to
the contrary, must pay the amount due in such money as is current at
the time when the loan becomes due, whether such money is worth more
or less than the actual money lent.