Text of the provision

Art. 1967. An extrajudicial deposit is either voluntary or necessary.

(1762)

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 extrajudicial deposit is either voluntary or necessary.

The line between a voluntary and a necessary extrajudicial deposit turns on how much freedom the depositor had in choosing both the depositary and the terms of the arrangement. A voluntary deposit, covered in the articles immediately following, is entered into by the free will of both parties. A necessary deposit arises instead where urgency or circumstance leaves the depositor little real choice — for instance, no time to negotiate or select a depositary. Because the depositor's bargaining position differs so sharply between the two, the Code subjects each to a distinct set of rules on diligence and liability.

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Note. The text of the provision above is reproduced in full from the official enactment (Republic Act No. 386), verified against the LawPhil and ChanRobles renderings. The annotation and commentary around it are the work of Vivas & Nobles Law Office and are general legal information, not legal advice. How a provision applies to a particular situation depends on facts that only a lawyer reviewing your case can assess.