Legal Library

Topic: Necessary deposits Facts McLoughlin, an Australian businessman, stayed in Tropicana hotel from 1984 to 1987. He rented a safety deposit box which could be opened by the use of 2 keys:

a bailee is a person who receives a non-consumable thing for the purpose of using it for a certain period of time and with the obligation of returning it. If there are

Lessons: (1) The non-complying party is chiefly responsible to shoulder the expenses of returning the borrowed item; (2) A bailee must return all the things he loaned to the bailor, and not

Commodatum is when one party (bailor) delivers a non-consumable thing to another (bailee) so that the latter may use it for a specific time and return the same. (Article 1933 New Civil

is the person who delivers a non-consumable thing for the use of a bailee in a certain period of time without compensation for its use. (Art. 1935 of New Civil Code) The

Precarium is a specie of commodatum where the bailor can demand the return of the thing at will. This is a contractual relationship. (Art. 1947) The original word for precarium is precarious

is a rule that a final judgment on the merits by a court of competent jurisdiction is conclusive of the rights of the parties or their privies in all subsequent suits on

Facts Sosing Lobos Corp obtained a loan from Consuelo (creditor). The president of the corporation, Esteban, signed an agreement expressing that he will pay the sum of P12,500 and agreed to pay