Civil Code Art. 1953: Simple Loan or Mutuum

Statute: Civil Code
Article: Art. 1953
Topic: Simple Loan or Mutuum
Book: BOOK IV Obligations and Contracts
Title: TITLE XI LOAN General Provisions
Chapter: CHAPTER 2 Simple Loan or Mutuum
Formerly: Art. 1753a of the old Civil Code
Year: 1949

The provision

A person who receives a loan of money or any other fungible thing acquires the ownership thereof, and is bound to pay to the creditor an equal amount of the same kind and quality. (1753a)

Cases applying this article

Dr. Macario Q. Falcon v. The Honorable Intermediate Appellate Court G.R. No. 74049

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