Civil Code Art. 1980: Voluntary Deposit

Statute: Civil Code
Article: Art. 1980
Topic: Voluntary Deposit
Status: In force
Book: BOOK IV Obligations and Contracts
Title: TITLE XII DEPOSIT
Chapter: CHAPTER 2 Voluntary Deposit
Year: 1949
Cited by: Multiple Supreme Court decisions

The provision

Fixed, savings, and current deposits of money in banks and similar institutions shall be governed by the provisions concerning simple loan. (n)

Intellegal Wiki · In plain terms

Money placed in banks and similar institutions as fixed, savings, or current (checking) deposits is legally treated as a simple loan to the bank. This means the bank owns the funds and owes the depositor repayment, rather than merely safekeeping the specific money handed over.

An editorially maintained plain-language explanation of this provision — not legal advice.

Cases applying this article

Yon Mitori International Industries v. Union Bank of the Philippines G.R. No. 225538
Cesar v. Areza G.R. No. 176697
Joseph Goyanko, Jr. v. United Coconut Planters Bank G.R. No. 179096

Related provisions in this Chapter

Civil Code, Art. 1977 Voluntary Deposit
Civil Code, Art. 1973 Voluntary Deposit

Civil Code, Art. 1980 is found in CHAPTER 2 Voluntary Deposit of TITLE XII DEPOSIT of BOOK IV Obligations and Contracts of the Civil Code of the Philippines (Republic Act No. 386).

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Reviewed by the Intellegal Legal Team for currency against amending laws and Supreme Court jurisprudence.

Research aid — not legal advice. Verify the current text against the Official Gazette. Provisions may have been amended or repealed. Using this page creates no attorney-client relationship. For legal advice, consult a Philippine lawyer.