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HomeCivil CodeDiv. 3Pt. 4Ch. 1Art. 1§ 1818 Exchange Deposit Obligations

§ 1818 Exchange Deposit Obligations

Civil Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 1818 Exchange Deposit Obligations

This law explains what a 'deposit for exchange' means: it's a deposit where the holder must give back something of the same type.

Key Takeaways

  • •A deposit for exchange means you get back something of the same kind.
  • •The person holding it can't keep or return a different type of item.
  • •It only applies when the agreement is to swap one thing for another of the same kind.

Example

You leave a bag of flour at a friend's store and ask them to keep it safe, promising to give back a bag of flour later.

The store must return a bag of flour, not a different item like sugar, because the deposit is for exchange and must be the same kind of thing.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 1818 Exchange Deposit Obligations

A deposit for exchange is one in which the depositary is only bound to return a thing corresponding in kind to that which is deposited. (Enacted 1872.)

Last verified: January 9, 2026

Key Terms

deposit for exchangedepositary

Related Statutes

  • § 1814 Voluntary Property Deposit Rules
  • § 1816 Animal Deposit Notification Duty
  • § 1817 Identical Item Deposit Rule
  • § 1039 Property Title Transfer
  • § 1040 Voluntary Transfer Contracts

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Civil Code. Section 1818.
View Official Source