UAE Civil Transactions Law

Article 594

Book Two: Nominate Contracts · Section One: Contracts of Transfer of Ownership · Chapter Four: The Loan Contract

1. The lender shall deliver the subject matter of the contract to the borrower upon completion of the contract, unless it is agreed to deliver it at another time. 2. If the item perishes before its delivery to the borrower, the loss shall be borne by the lender.

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