Practice question
Money is credited as an ordinary savings deposit with a bank. A customer insists the word deposit necessarily makes the bank merely custodian of the exact same notes. Which is correct?
- The label overrides Article 1980
- The bank must keep the identical serial-numbered notes in every case
- Every banking deposit is a gratuitous commodatum
- Article 1980’s simple-loan framework controls the stated deposit
- The customer loses every claim
Legal references
- Civil Code, Articles 1159,1191,1249,1308,1314-1316,1319,1322-1326,1933-1934,1962 and1980: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html
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