Commodatum Provisions/Bases Deposit Provisions/ Bases

Contract Real 1934 and 1316 Real 1963 and 1316

Parties Bailor/ Bailee Depositor/Depository
Object non-consumable and 1933; 1936 Movable 1966;2006
consumable/money
Consideration Liberality on the Bailor; 1937 liberality of the
use of the bailee depository; safekeeping
of the thing
Purpose use by the bailee 1933 safekeeping 1962
Form no form required 1403.2 Orally/ Writing 1969
Period Certain time or when 1933;1946;1947 with a period; return 1988;1978
necessary for use; when required
precarium
Consideration essentially gratuitous 1933 maybe gratuitous; 1965;1996.2;2168
agreement; as business;
necessary deposit
Ownership bailor need not be the 1938; also see need not be the owner; 1984
owner 1933, 1947.2 depository cannot
demand to prove
ownership
Extinguishment personal 1939.1; 1231; personal; automatic 1995.2; 1231;
1935 conversion 1978
Rights and 1941-1952 1249-1250

obligation
Degree of not stated, diligence of a 1173 father of the family 1173; also see
Diligence good father 1972.2 par 2
Retention/ no retention; except 1944;1951 yes; necessary deposit 1994;2004;
Pledge damages
Use by the yes 1933 G.r: no E.R.: expressed, 1977
obligor permitted, allowed
Use by third G.R.:NO E.R.: Members 1939 No except authorized 1973
person of the household E.E.R.:
Stipulated, Nature of the
thing
expenses ordinarily the bailee; 1941; depository 1992
extra 50/50; stipulated 1949.2;1950
Return Accomplishment or 1946;1947;1948; return upon demand; 1972; 1988; 1989
expiration of period; e.r.: 765 Valuable consideration
urgent need, precarium,
acts of ingratitude
loss of the thig bailee not liable; except 1174; 1942 not liable except some 1174; 1979
some instances circumstances
Damage 1951 G.R.: Reimburse; E.r.: 1993
1993

Commodatum Provisio Simple Loan/Mutuum Provisions

ns
Party Bailor/Bailee Creditor-debtor; lender-borrower
Object G.R.: not consumable; E.R.: Consumable 1933; consumable; non-fungible
1936
Consideratio gratuitous; none; liberality; Bailee use of the thing Gratuitous; Borrower-consumption;
n creditor-consideration
Ownership retained by bailor 1933; transfer to debtor 1933
1938
Purpose use 1933; consumption 1933
1938
Compensatio essentially gratuitous 1933 maybe gratuitous 1933
n
Term certain time/accomplishment of use 1942.2; maybe fixed 1933; 1953
1946
Return of the Expiration of the term/accomplishment of the use; urgent 1946; lapse of term
Thing need; ingratitude; precarium 1948
What to Same thing same amount, kind, quality 1933; 1953
return
loss Bailor/Bailee 1942; Borrower 1174
1174
form Statutes of fraud 1403.2 in writing
 PLEDGE CHATTEL MORTGAGE
Parties Pledgor/ Pledgee Mortgagor/ Mortgagee
Form Writing (2096) Affidavit of good faith
third person: Registry of Deeds
Vessels (Phil Refining)
Vehicles (LTO)

Property movables (2094) Movables (2124)

incorporeal rights Cattles and Crops (Sec. 7 CML)
(2095)
After-acquired properties No (2085.3) G.r.: No (Tsai)
E.R.: Retail (Torres)
Delivery Required (2093) Not Required
Securities: After inquired obligations Yes (Acme) No (Sec. 5 CML, Acme)
Sale of property by mortgagor/pledgor yes with consent yes with consent (Dy, Servicewide)
of pledgee (2097)
foreclosure Public Auction Public Auction
pacto de retro prohibited prohibited
Excess to pledgee (2115) to mortgagor (Sec.14 CML)
Deficiency no recovery (2115) Gr: May Recover (Pameca)
Er: Instalments (1484.3)
possession after foreclosure no issue Mortgagee (Dy)
Redemption none (Paray) yes but equity before sale (Sec. 13
CML)