Page 479 - Important Provisions of The New Civil Code

Article 1979. The depositary is liable for the loss

of the thing through a fortuitous event:

(1) If it is so stipulated;

(2) If he uses the thing without the

depositor's permission;

(3) If he delays its return;

(4) If he allows others to use it, even though

he himself may have been authorized to use

the same. (n)

Article 1980. Fixed, savings, and current

deposits of money in banks and similar

institutions shall be governed by the provisions

concerning simple loan. (n)