mutuum

mutuum
/myuwtyuwsm/
A loan for consumption; a loan of chattels, upon an agreement that the borrower may consume them, returning to the lender an equivalent in kind and quantity; as, a loan of corn, wine, or money which is to be used or consumed, and is to be replaced by other corn, wine, or money. In re Ellis' Estate, 24 Del.Ch. 393, 6 A.2d 602, 611.
At common law, such a transaction is regarded as a sale or exchange, and not a bailment.
See also loan for exchange
- loan for use

Black's law dictionary. . 1990.

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Look at other dictionaries:

  • mutuum — mu·tu·um / myü chu̇ wəm/ n [Latin, from neuter of mutuus borrowed, lent]: loan for consumption at loan Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • Mutŭum — (lat.), Darlehn …   Pierer's Universal-Lexikon

  • Mutŭum — (lat.), Darlehen (s. d.) …   Meyers Großes Konversations-Lexikon

  • Mutuum — Mutuum, lat, Darlehen; m. adjutorium, gegenseitige Hilfe …   Herders Conversations-Lexikon

  • Mutuum — Das mutuum (lat., Darlehen) war ein Vertrag des römischen Rechts zur Übereignung einer Geldsumme. Inhaltsverzeichnis 1 Beschreibung 2 Herkunft und Entwicklung 3 Dogmatik 3.1 Realkontrakt …   Deutsch Wikipedia

  • mutuum — noun a) a loan in Roman and civil law of fungible things to be restored in similar property of the same quantity and quality b) a contract in which movables are so loaned …   Wiktionary

  • Mutuum —    Droit civil: contrat en vertu duquel une personne dite le prêteur remet à une autre dénommée l emprunteur une chose fongible et consommable à charge pour elle d en restituer une semblable ; appelé aussi prêt de consommation …   Lexique de Termes Juridiques

  • mutuum — mu·tu·um …   English syllables

  • mutuum — /myuwtyuwsm/ A loan for consumption; a loan of chattels, upon an agreement that the borrower may consume them, returning to the lender an equivalent in kind and quantity; as, a loan of corn, wine, or money which is to be used or consumed, and is… …   Black's law dictionary

  • mutuum — A relation known to the Roman or Continental law; a loan of a chattel for consumption or appropriation by the person receiving the article to his own use. 8 Am J2d Bailm § 37 …   Ballentine's law dictionary

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