Page:United States Statutes at Large Volume 47 Part 1.djvu/1253

 72d CONGRESS. SESS. II. CH. 12 8. FEBRUARY 27. 1933 . 1229 GRATUITOUS D EPOS IT Gratuitous deposit SEC. 720 . GRAIUI JOUS DEPOSIT, wHAT .--Gratuitous deposit as' a DoSnition. d epo sit for whic h the d epos itar y re cei ves no c onsi dera tio n be yond the mere possessi on of the thing d eposited. CROSS Ra rsaExca Degree of care necessary, see section 722. SEC . 721 . NATURE OF INVO LUNTAR Y DEPOSrr .--An involuntary a etf d epo sit is g ratu itou s, the depo sita ry b eing ent itl ed to no rew ard. CrossREFERlclvoE Involuntary deposit, defined, see section 701. Ante, p .1228. SEC. 722. DEGeFF CF CARE REQIIIREIJ OF GRATUITOUS DEPOS ITARY. -A Degree of care, gre gratuitous depositary must use, at least, slight care for the preserva- tion of the thi ng d epos ited. SEC. 723. His DUTIES CEASE, wHEN .The duties of a gratuitous duties cu e. depositary cease 1. Upon his restoring the thing deposited to its owner ; or, 2 . Upo n his giving re ason abl e no tice to the own er to re move it, and the owner failing to do so within a reasonable time. But an invo lun tary dep osit ary, un der subd ivis ion two of sect ion 701, can A+ de, p. 1228. not give such notice until the emergency which gave rise to the depo sit is past. STORAGE Storage. SEC. 724 . DEPOSIT FOR EIRE .-A dep os it not gratuitous is called Deposit for hire. storage. The de posi tary in such cas e is ca lled a d epos itar y for hire. Cro ss R EFE RSR CES Hiring, in general, see section 824. Poet, p.1245. Warehousemen, see sections 731 et seq. Pte, p .1130, SEC. 725 . DEG REE OF CARE R EQUI RED OF DEPOSITARY FCR EnaE .-A p~D ffo~trim de- depositary for hire must use at least ordinary care for the preser- vation of the thing deposited. r So in original. Involun. S EC. 726. RATE OF COMPENSATION FOR FRACTION OF WEE K, ETC.-In Compensation for fraction of week, etc. the abs en ce of a different agreement or usage, a depositary for hire is entitled to one week's hire for the sustenance and shelter of living ani mals dur ing any fra ctio n of a week , and to ha lf a mon th's hir e for the sto rage of any oth er p rope rty dur ing any frac tion of a h alf- month. SEC. 72 7. TERMINATION OF DEPOSIT .-In the absence of an agree- Termination of cle- men t as to the len gth of t ime duri ng which a depo sit is to co nti nue, 1„t it may be terminated by the depositor at any time, and by the de ositary upon reasonable notice. EC. 728 . SAME .-Notwithstanding an agreement respecting the length of time during which a deposit is to continue, it may be terminated by the depositor on paying all that would become due to the depositary in case of the deposit so continuing. Cro ss RErEesEcEs Care required of a hirer, see section 827. Poet, ). 1245. Comm on carriers, see se ctions 891, 897, an d 975 . Pose, pp. 1253, 1257. Liability of warehousemen, see sections 901 and 902 . Peal, p . 1254.