California Codes, Civil Code - CIV, Division 3 — Obligations, Part 4 — Obligations Arising from Particular Transactions, Title 4 — Loan, Chapter 2 — Loan for Exchange, Section 1903
A loan, which the borrower is allowed by the lender to treat as a loan for use, or for exchange, at his option, is subject to all the provisions of this Chapter.
Notes
Sets a loan that the lender permits the borrower to treat, at the borrower's option, either as a loan for use or as a loan for exchange as subject to all provisions of the chapter. The chapter therefore governs the loan regardless of which of those two permitted treatments the borrower chooses.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 1903 | https://laws.lexinter.net/codes/california/civil-code/division-3/part-4/title-4/chapter-2/section-1903