The lender of personal property for exchange shall indemnify the borrower for damages caused by defects or vices in it of which the lender knew at the time of the exchange and concealed from the borrower.
Indemnity to borrower for concealed defects
N.D.C.C. § 47-13-05 — under Loans of Personal Property for Exchange.
N.D.C.C. § 47-13-05