Definition of DEPOSITUM in Black's Law Dictionary 4th Edition – Legal dictionary – Glossary of legal terms.
Definition of DEPOSITUM
Lat. In the civil law. One of the forms of the contract of bailment, being a naked bailment of goods to be kept for the use of the bailor without reward. Coe v. Ricker, 214 Mass. 212, 101 N.E. 76, 78, 45 L.R.A.,N.S., 30, Ann.Cas. 1914B, 1178. See Deposit.
One of the four real contracts specified by Justinian and having the following characteristics: (1) The depositary or depositee is not liable for negligence, however extreme, but only for fraud, dolus; (2) the property remains in the depositor, the depositary having only the possession. Precarium and sequestre were two varieties of the depositum.
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That's the definition of DEPOSITUM in Black's Law Dictionary 4th Edition – Legal dictionary – Glossary of legal terms. Courtesy of Cekhukum.com.
