Thursday, August 14, 2008

Can I have my lawnmower back?

Hi,

A loan of property without a predetermined time period may be terminated at any time by the lender.

This is different from the presumption by a loan of money, where the borrower automatically receives 30 days because it is understood that he will spend/invest the borrowed money, and will not immediately have it available for repayment.

(Code of Jewish Law Choshen Mishpat 341:1; Meirat Einayim 341:1)


Have a great day,
Mordechai

No comments:

Post a Comment