Explanation of Article 460
The first paragraph clarified that the loan contract ends upon the expiration of the term agreed upon by the contracting parties, which is the default. The borrower must return the borrowed item in this case upon the expiration of the term. If no term is specified for the loan, the loan contract ends upon the fulfillment of the benefit for which the loan was made, i.e., upon the end of the usual period for benefiting from the borrowed item, according to the details outlined in Article (453).
The second paragraph clarified that the borrower may return the borrowed item before the expiration of the term agreed upon by the contracting parties, as the term is established for his benefit, and he may waive it. The lender is obliged to receive the borrowed item in this case, unless receiving it would cause harm, such as incurring the cost of depositing or storing the borrowed item, or if the lender is traveling and not prepared for it. What is included in the paragraph is merely an application of the general rule stated in paragraph (1) of Article (206), which reads: (It is permissible to expedite the fulfillment of a debt by the one for whose benefit the term was set, provided that the expedition does not cause harm to the other party).
Related To
Article 460
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A loan for use contract shall terminate upon the expiration of the agreedupon term or the fulfillment of the purpose of the lending.
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If the borrower returns the lent thing prior to the expiration of the loan for use contract, the lender shall take delivery of the same, unless such delivery causes harm.