Practice question
A customer puts money in an ordinary bank savings account. The customer argues that the bank must preserve and return exactly the same banknotes as an ordinary civil deposit. Which rule controls?
- Article 1980 applies the provisions on simple loan to savings money deposits in banks
- Every bank deposit requires storage of the same notes
- The bank is automatically a gratuitous bailee of each serial number
- The account necessarily becomes a real-property trust
- The word deposit overrides Article 1980
Legal references
- Civil Code Articles 1962–1969, 1978, 1980, 1996–1998 and 2005–2006: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html
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