Cap. 16 · Civil Code (Cap. 16)
Cap. 16 Art. 1848Where borrower cannot return things in the same quantity and quality.
Title XV
(1) If it is not possible for the borrower, without serious prejudice, to return the things borrowed in the same quantity and quality at the time agreed upon, he is obliged to pay the value thereof, regard being had to the time and place at which they were to be returned.
(2) If the time and place have not been fixed, the payment shall be made according to the current price at the time and place at which the loan was made.