Law Dictionary

To search for a particular term please use the following search box.

special deposit

A deposit made of a particular thing with the depositary: it is distinguished from an irregular deposit.

2. When a thing has been specially deposited with a depositary, the title to it remains with the depositor, and if it should be lost, the loss will fall upon him. When, on the contrary, the deposit is irregular, as where money is deposited in a bank, the title to which is transferred to the bank, if it be, lost, the loss will be borne by the bank. This will result from the same principle; the loss will fall, in both instances, on the owner of the thing, according to the rule res perit domino. See 1 Bouv. Inst. n. 1 054.

Source : Bouvier 1856

Language : English

Return

Return to Law Dictionary Index