About this document
Understanding Credit Transactions and Loans by Kersy Mere Fajardo is a document available to read on EtoBox.
Credit transactions are agreements based on trust between parties where one provides money, goods, or services to another. There are two main types of credit transactions: commodatum and mutuum. Commodatum is a loan of non-consumable goods, where the borrower is obligated to return the identical goods. The borrower is responsible for ordinary expenses to preserve the goods but not deterioration from normal use. Mutuum is a loan of consumable goods like money, where ownership transfers to the borrower who
- Author
- Kersy Mere Fajardo
- Language
- EN