Article 508
If a deposit is gratuitous, the deposit contract shall be deemed concluded only upon receipt of the deposited property.
مواد ذات علاقة
Explanation of Article 508
The article clarified the condition for the conclusion of a deposit contract if it is without compensation, which is the receipt of the deposit;
Accordingly, the deposit contract is of two types:
The first type: The deposit contract is with compensation; in this case, the contract is consensual; it is sufficient for its conclusion to exchange offer and acceptance explicitly or implicitly; without the conclusion of the contract being dependent on receipt.
The second type: The deposit contract is without compensation; in this case, the contract is real, not consensual; it is not sufficient for its conclusion to exchange offer and acceptance, but in addition, the deposit must be received by the depositary; there is no effect of the deposit before receipt; the depositary may refuse to accept the deposit before receipt; and he will have no obligation towards the depositor; and once the depositary receives the deposit, the contract is concluded and its effects are established, and the ruling of this article is an exception by statutory text.