Loan for use defined

N.D.C.C. § 47-12-01 — under Loans of Personal Property for Use.

N.D.C.C. § 47-12-01

A loan for use is a contract by which a lender gives to a borrower the temporary possession and use of personal property and the borrower agrees to return the identical personal property to the lender at a future time without reward for its use.