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Universal Jurisprudence
Obligatory Dealing
Deposit
7
Simple Deposit or say Bailment
what
Deposit or say Bailment, is the denomination given either to a service
which is rendered, by one party undertaking for the safe
custody of any moveable ((subject matter of property), belonging
to another party. The obligation on the part of the individual
or individuals, with whom the deposit is made, is
(except where money is the subject matter deposited of the deposit)
to return, the property so deposited, when called upon appropriate
to do so, by the depositor. In the case of money, the obligation
is, to return a sum of money of equal value exchangeable
value, with the sum deposited.
8
Obligation resting on
the party receiving the
benefit on the party
making the deposit
This is the simplest form of deposit: the obligation,
resting entirely on the party receiving the deposit, the benefit
exclusively on the party, making it.
To the simple deposit, may be added a promise on the
part of the Depositor to allow the Deposited receiver to make use
of the property so long as it remains deposited with him. In this case there is
an obligation and correspondent service, on both parts.
Identifier: | JB/030/152/001 "JB/" can not be assigned to a declared number type with value 30.
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1828-10-17 |
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030 |
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152 |
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001 |
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copy/fair copy sheet |
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recto |
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richard doane |
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9659 |
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