Text of the provision
Art. 1953. A person who receives a loan of money or any other fungible thing acquires the ownership thereof, and is bound to pay to the creditor an equal amount of the same kind and quality.
(1753a)
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
A person who receives a loan of money or a fungible thing acquires ownership of it and must pay an equal amount of the same kind and quality. This is the defining feature of mutuum (simple loan).
Related provisions
- Article 1952 — No Abandonment to Escape Liability.
- Article 1954 — Non-Fungibles for Fungibles Is Barter.
Cases citing this article
- Romulado J. Bawasanta vs. People of the Philippines/Rodolfo G. Valencia vs. People of the, G.R. No. 219300 / G.R. No. 219323 / G.R. No. 219343, November 17, 2021 — 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 →
- Spouses Salvador Abella and Alma Abella vs. Spouses Romeo Abella and Annie Abella, G.R. No. 195166, July 8, 2015 — read the decision on LawPhil →
- Land Bank of the Philippines vs. Lamberto C. Perez, et al, G.R. No. 166884, June 13, 2012 — read the decision on LawPhil →
- Allied Banking Corp vs. Lim Sio Wan, et al, G.R. No. 133179, March 27, 2008 — 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.