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The Law of Favors

Master the fundamentals of Credit Transactions and Bailments with this concise guide based on Philippine Commercial Law. This video breaks down the legal relationship of Bailment, where possession of property is temporarily transferred from a bailor to a bailee for a specific purpose while ownership remains with the bailor. Explore key concepts including: • Commodatum vs. Mutuum: Discover the differences between a gratuitous loan for use (commodatum) and a simple loan where ownership passes to the borrower (mutuum). • Precarium: Learn about this specific type of commodatum where the bailor may demand the return of the thing at will. • Safety Deposit Boxes: Understand why the law classifies these as a "special kind of deposit" rather than an ordinary lease. • Liabilities: A look at when a bailee becomes liable for loss, even in cases of fortuitous events. Disclaimer: This content is for educational purposes only and reflects a guided analysis of the Civil Code; it does not constitute professional legal advice, and viewers should verify information with qualified Filipino lawyers. #CommercialLaw #Bailment #CreditTransactions #LegalStudies #PhilippineLaw #Commodatum #Mutuum #Precarium