DEPOSIT

I. The Concept of Deposit

A. General Concepts Art. 1962

B. Kinds of Deposit Art. 1964, Art. 1967

II. Voluntary Deposit

A. General Concepts Art. 1963, Art. 1968, Art. 1995

B. Form of Deposit Art. 1969

C. Object of Deposit Art. 1966

D. Consideration in Deposit Art. 1965

E. Parties to a Deposit Art. 1962

F. Obligation to Safekeep Art. 1962

1. Way of the Deposit Art. 1974-1978, 1981-1982

2. Liability for Loss and Damage Art. 1972- 1973, 1977, 1981, 1979, 1990, 1993

a. Liability of Depositary

b. Liability of Depositor

3. Liability for Expenses Art. 1992

G. Obligation to Return

1. By Whom and To Whom Art. 1971-1972, 1984- 1986, 1212,. 1214, 1991

2. What to Return Art. 1983, Art. 1896

3. Where to Return Art. 1987

4. When to Return Art. 1988, Art. 1989

5. Right of Retention Art. 1994

III. Necessary Deposit

A. General Concepts Art. 1967, Art. 1996, Art. 1966

 B. Examples of Necessary Deposit

1. Compliance with a Legal Obligation Art. 1996, Art. 1997

2. On the Occasion of a Calamity Art. 1996, Art. 1997, Art. 2168

3. Passenger Baggage with Common Carriers Art. 1754

4. Hotels or Inns Art. 1998, Art. 1999- 2004

Durban Apartments Corp. v. Pioneer Insurance and Surety Corp., G.R. No. 179419,

January 12, 2011

SECURITY TRANSACTIONS

I. Concept

II. Letters of Credit (Lecture)

III. Trust Receipt (Lecture)

IV. Guaranty

A. General Concepts Art. 2047, Art. 2051

B. Form of Guaranty Art. 2055

C. Consideration of a Guaranty Art. 2048

D. Obligations Secured Art. 2052- 2054

E. Parties to a Guaranty Art. 2056-2057, 2049, 2064- 2065

F. Benefit of Excussion Art. 2058-2064, 2081

G. Right to Protection Art. 2071

H. Right to Indemnification Art. 2066 2050, 1236, 2069- 2070, 2072

I. Right to Subrogation Art. 2067-2068, 2050, 1237, 2080

 J. Rights of Co-Guarantors

1. Benefit of Division Art. 2065, 2078

2. Right to Reimbursement Art. 2073, 2075

K. Extinguishment and Right of Release Art. 2076- 2077, 2079-2080

V. Surety

A. General Concepts Art. 2047, 1211, 1216, 2082, 2056, 2083- 2084

B. Form of Suretyship

C. Obligations Secured Art. 2053

D. Distinguished from Standby Letter of Credit

E. Distinguished from Guaranty

F. Distinguished from Joint and Solidary Obligations

Escano & Silos v. Ortigas, Jr., G. R. No. 151953, June 29, 2007, 526 SCRA 26.

VI. Pledge and Mortgage

i. General Concepts Art. 2085, 2087

ii. Obligations Secured Art. 2086, 2052, 2091

iii. Contract to Pledge or to Mortgage Art. 2092 Revised Penal Code, Art. 316

iv. Remedies of Pledgee and Mortgagee

v. Indivisibility of a Pledge or Mortgage Art. 2089- 2090

vi. Pactum Commissorium Art. 2087- 2088

vii. Equitable Mortgage Art. 1602-1605

A. Pledge
i. General Concepts Art. 2085, Art. 2087, Art. 2093, Art. 2123

ii. Form of Pledge Art. 2096

iii. Object of Pledge Art. 2094, Art. 2095

 iv. Obligations Secured

v. Ownership of Collateral Art. 2010-2103, 1951

a. Expropriation of the collateral.

b. Sale by public auction Art. 2108, Art. 2112

c. Voluntary sale Art. 2097.

vi. Rights of Third Party Pledgor Art. 2120, 2117, 2066- 2070, 2077-2081

vii. Right to Possession Art. 2093, 2110

a.. Right of Retention Art. 2098, Art. 2109, Art. 2099, Art. 2100, Art. 2104, Art. 2106

b. Right to Payment Art. 2102

ix. Return of Collateral Art. 2105, Art. 2107, Art. 2108, Art. 2110, Art. 2111

x. Foreclosure of Pledge Art. 2112- 2119

B. Chattel Mortgage

i. General Concepts Art. 2085, Art. 2087, Art. 2140, Art. 2141

ii. Form of Chattel Mortgage Chattel Mortgage Law, Sec. 4, Sec. 5, Sec. 6

iii. Obligations Secured Sec. 5

iv. Object of Chattel Mortgage Civil Code, Art. 2124

a. Reasonable Description Rule Chattel Mortgage Law, Sec. 7

b. After Acquired Properties Sec. 7

v. Ownership of Collateral Revised Penal Code, Art. 319

vi. Foreclosure of Chattel Mortgage Chattel Mortgage Law, Sec. 8, Sec. 14

a. Equity of Redemption Chattel Mortgage Law, Sec. 13, Sec. 14

b. No Right of Redemption

c. Right to Possession

d. Right to Surplus or Deficiency Chattel Mortgage Law, Sec. 14

C. Real Estate Mortgage

i. General Concepts Art. 2085, Art. 2087, Art. 2124, Art. 2125

ii. Form of Real Estate Mortgage Art. 2125, Art. 2131

iii. Obligations Secured

a. Dragnet or Blanket Mortgage Clause

b. Reliance on Security Test

Prudential Bank v. Alviar & Alviar, G.R. No. 150197, July 28, 2005

iv. Object of Real Estate Mortgage Art. 2124

a. After Acquired Properties

People’s Bank & Trust Company & Atlantic Gulf and Pacific Co. of Manila v. Dahican

Lumber Company, et al., G.R. No. L-17500, May 16, 1967, 20 SCRA 84.

b. Effect and Extent Art. 2126, Art. 2127

v. Right to Alienate Mortgage Credit Art. 2128, Art. 1625, Art. 1627

vi. Right to Alienate Collateral Art. 2085, Art. 2130, Art. 2129

vii. Judicial Foreclosure of Real Estate Mortgage Rules of Court, Rule 68

a. Judicial Foreclosure

b. Equity of Redemption

c. Foreclosure Sale

d. Right of Redemption

e. Right to Surplus or Deficiency

viii. Extrajudicial Foreclosure

a. Special Powers Act No. 3135, Sec. 1

b. Foreclosure Sale

c. Right of Redemption Act No. 3135, Sec. 6

 1) Who may Redeem Act No. 3135, Sec. 6

d. Right to Deficiency Rules of Court, Rule 86, Sec. 7

e. Right to Surplus

f. Right to Possession

1) During Redemption Period

2) After Consolidation of Ownership

VII. Antichresis

A. General Concepts Civil Code, Art. 2132, Art. 2133, Art. 2135, Art. 2138

B. Form of Antichresis Art. 2134

C. Obligations Secured Art. 2139, Art. 2085, Art. 2089, Art. 2090, Art. 2091

D. Object of Antichresis Art. 2132

E. Right of Retention Art. 2136

F. Foreclosure of Antichresis Art. 2137