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Article 517

Article 517

Receivership is a contract under which a receiver safekeeps and manages disputed property and returns such property along with its yields to its rightful owner.

Explanation of Article 517

The article clarified that the deposit contract can be proven by all means of proof; this is because the deposit contract is a gratuitous contract; thus, it does not require a specific form, nor is writing required to prove it; and the depositor can prove the deposit by all means of proof.