Civil Code Art. 1955: Simple Loan or Mutuum

Statute: Civil Code
Article: Art. 1955
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. 1754a of the old Civil Code
Year: 1949

The provision

The obligation of a person who borrows money shall be governed by the provisions of articles 1249 and 1250 of this Code. If what was loaned is a fungible thing other than money, the debtor owes another thing of the same kind, quantity and quality, even if it should change in value. In case it is impossible to deliver the same kind, its value at the time of the perfection of the loan shall be paid. (1754a)

Cases applying this article

Crispulo Sideco v. Francisco Pascua G.R. No. 4937
Benigno Catabian v. Francisco Tungcul G.R. No. 3837

Related provisions in this Chapter

Civil Code, Art. 1956 Simple Loan or Mutuum
Civil Code, Art. 1953 Simple Loan or Mutuum
Civil Code, Art. 1957 Simple Loan or Mutuum
Civil Code, Art. 1958 Simple Loan or Mutuum
Civil Code, Art. 1959 Simple Loan or Mutuum

Civil Code, Art. 1955 is found in CHAPTER 2 Simple Loan or Mutuum of TITLE XI LOAN General Provisions of BOOK IV Obligations and Contracts of the Civil Code of the Philippines (Republic Act No. 386).

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