Text of the provision
Art. 1934. An accepted promise to deliver something by way of commodatum or simple loan is binding upon parties, but the commodatum or simple loan itself shall not be perfected until the delivery of the object of the contract.
(n)
Civil Code of the Philippines, Republic Act No. 386, approved June 18, 1949, effective August 30, 1950. Reproduced in full; verified verbatim against the LawPhil and ChanRobles official-text renderings.
What this article means
An accepted promise to lend is binding, but the loan itself is perfected only upon delivery of the object — loan is a real contract.
Related provisions
- Article 1933 — Loan: Commodatum and Mutuum.
- Article 1936 — Consumables in Commodatum.
Cases citing this article
- Celestina T. Naguiat vs. Court of Appeals, et al, G.R. No. 118375, October 3, 2003 — read the decision on LawPhil →
- Spouses Francisco Ong, et al. vs. BPI Family Savings Bank, Inc, G.R. No. 208638, January 24, 2018 — read the decision on LawPhil →
- Spouses Ramon Sy and Anita Ng, Richard Sy, Josie Ong, William Sy and Jackeline De Lucia vs. Westmont Bank (Now United Overseas Bank Philippines) and Philippine Deposit Insurance Corporation, as Assignee of United Overseas Bank Philippines, G.R. No. 201074, October 19, 2016 — read the decision on LawPhil →
- Carolyn M. Garcia vs. Rica Marie S. Thio, G.R. No. 154878, March 16, 2007 — read the decision on LawPhil →
- BPI Investment Corporation vs. Hon. Court of Appeals and ALS Management & Development Corporation, G.R. No. 133632, February 15, 2002 — read the decision on LawPhil →
Compiled automatically from Supreme Court decisions published on LawPhil that expressly cite this article, most frequently cited first. A listing means the decision cites the provision — it is not a statement that the case is the leading authority, and it does not show whether a ruling has since been modified or abandoned. Always read the decision itself.