Last Updated on June 27, 2021 by LawEuro
German Civil Code (BGB) German law
Title 7
Contract for the loan of a thing
Section 607
Typical contractual duties in a contract for the loan of a thing
(1) By a contract for the loan of a thing, the lender agrees to hand over to the borrower an agreed fungible thing. The borrower is obliged to make payment for the loan and, when the loan falls due, to return what he has received in things of the same kind, quality and amount.
(2) The provisions of this title do not apply when what is handed over is money.
Section 608
Termination
(1) If a time for the return of the thing handed over is not specified, the due date depends on the termination of the loan by the lender or the borrower.
(2) To the extent that nothing else has been agreed, a contract for the loan of a thing entered into for an indefinite period of time may be terminated in whole or in part by the lender or the borrower at any time.
Section 609
Payment
The borrower must make the payment at the latest upon return of the thing handed over.
Section 610 (repealed)
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