State Act

1508

Section 1508. Loan as Hire and Loan for interest

Portuguese Civil Code, 1867

Act no. none printed (index gives 0)1867In forceGoa (State Act)

Article 1508 – Loan as Hire and Loan for interest - Loan is essentially gratuitous. When there is compensation, the loan for use (Commodatum) takes the nature of Hire and loan for consumption, becomes Loan for interest (“Usury”, now archaic).