Commodatum Law and Legal Definition
Commodatum refers to a gratuitous loan of a movable property which is to be returned undamaged to the lender. The word commodatum comes from the Latin word commodore which means “to lend.” It is a loan for use at loan. This arrangement is for the sole benefit of the borrower. It is one of three types of contracts for permissive use,. When the debtor of a contract binds himself to return to the creditor a movable property which the creditor has given to the debtor for personal use, without any consideration, then such contract is called the contract of commodatum.
