III. Problems Explain or state briefly the rule or reason for your answer. 1. R agreed to entrust to Y the former's jewelry and other personal property for safekeeping for a certain period of time in consideration of the payment by R of P2,000.00. Immediately, R paid Y. Is there already a perfected contract of deposit? 2. Same example. There was no stipulation as to how much shall be paid by R. Is Y entitled to hensation