Valuation of the thing

La. Civ. Code art. 2898

La. Civ. Code art. 2898

Art. 2898. Valuation of the thing When the contract of loan for use states a value for the thing lent, the borrower bears the risk of loss of the thing, including loss by fortuitous event. Acts 2004, No. 743, §1, eff. Jan. 1, 2005.