Practice question
Under Article 1933, what happens to ownership of money delivered in a simple loan?
- It always remains with the lender as a specific retained coin
- It passes to the notary
- It passes to the borrower, who owes the prescribed equivalent
- It becomes ownerless
- It always passes to the borrower’s employer
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
Answer this question in flashcards to review your response and continue practicing.