§ 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.
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.
§ 1818 Exchange Deposit Obligations
Last verified: January 9, 2026