CREDIT TRANSACTIONS

On Whether or not Parking is a Contract of Lease or a Contract of Deposit

Submitte to ! Att"# Porfirio Panganiban Submitte b"! Lei i Abegai$ C# %a"u an

&" position in this matter is that Parking is both a Contract of Lease an a Contract of Deposit# Let me 'ua$if" m" ans(er! LEASE DEPOSIT

Art. 1642 Art. 1962 The contract of $ease ma" be of things) or A eposit is constitute from the of (ork an ser*ice# moment a person recei*es a thing be$onging to another) (ith the ob$igation of Art. 1644 safe$" keeping it an of returning the same# In the $ease of (ork or ser*ice) one of If the safekeeping of the thing e$i*ere is the parties bin s himse$f to e+ecute a piece not the principa$ purpose of the contract) of (ork or to ren er to the other some then there is no eposit but some other ser*ice for a price certain) but the re$ation contract# of principa$ an agent oes not e+ist# Art. 1964 Art. 1645 A eposit ma" be constitute Consumab$e goo s cannot be the sub,ect ,u icia$$" or e+tra,u icia$$"# matter of a contract of $ease) e+cept (hen the" are mere$" to be e+hibite or (hen Art. 1965 the" are accessor" to an in ustria$ A eposit is a gratuituous contract estab$ishment# e+cept) (hen there is an agreement to the contrar" or un$ess the epositar" is engage in the business of storing goo s# Art. 1966 On$" mo*ab$e things ma" be the ob,ect of a eposit# Art. 1969 A contract of eposit ma" be entere into ora$$" or in (riting# The tabu$ar presentation abo*e pro*i es the $ega$ ,ustifications as to m" c$aim that Parking is both a Contract of Lease an a Contract of Deposit# -pon rea ing the pro*isions on Lease an Deposit m" contention fin s support in Artic$e ./01) ./00) ./02) .3/1) .3/0) .3/2) .3// an .3/3 un er the Ci*i$ Co e of the Phi$ippines# Parking is consi ere a form of ser*ice since it is one in fa*or of another person# -n er Lease an Deposit Parking ma" be one for a consi eration

The pro*isions un er Deposit ma e mention un er 4Artic$e .3/15 that eposit of a thing is ma e on$" for mo*ab$e things or persona$ properties $ike automobi$es a car for e+amp$e# 4Artic$e .3//5 is for safekeeping purposes on$" an not for use because once it is not for safekeeping it $oses its character as a contract of eposit an that is *er" e*i ent in Parking) since the o(ner of a car mere$" eposits the mo*ab$e thing an the epositar" cannot use such car# Sti$$ un er eposit 4Artic$e .3/35 the contract ma" be entere into through ora$$" or in (riting# Parking fa$$s un er this categor" too# &ean(hi$e) un er the pro*isions on Lease 4Artic$e .3/25 consumab$e goo s cannot be the sub,ect of a $ease contract an the thing that is being ta$ke about in Parking is non6consumab$e since it can be a car) a bike) a motorc"c$e) a truck an so forth#