Article 1962

RA 386 · Civil Code of the PhilippinesKey provision

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A deposit is constituted from the moment a person receives a thing belonging to another, with the obligation of safely keeping it and of returning the same.

Official text — RA 386

A deposit is constituted from the moment a person receives a thing belonging to another, with the obligation of safely keeping it and of returning the same. If the safekeeping of the thing delivered is not the principal purpose of the contract, there is no deposit but some other contract. (1758a)

Source: lawphil.net (RA 386 as amended)

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