← Back to "M" terms

MUTUUM

Categories: Contracts

Definition (1910 Edition)

Lat. In the law of bailments. <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. Story, Bailm. § 228; Payne v. Gardiner, 29 N. Y. 167; Downes v. Phenix Bank, 6 Hill (N. Y.) 289; Rahilly v. Wilson, 20 Fed. Cas. 181.
Source: Black's Law Dictionary, 2nd Edition (1910) — Public Domain. UK commentary and modern updates are original additions. This entry is for educational reference only and does not constitute legal advice.