43-37-12. Loan for use or exchange--Indemnification of borrower by lender for damages for defects.
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/sd/title-43/chapter-43-37/43-37-12·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The lender of a thing for use or for exchange must indemnify the borrower for damages caused by defects or vices in it, which he knew at the time of lending and concealed from the borrower.