Kuwait Court of Cassation principle number 1335

Statutory, joint and several, or commercial suretyship. The sureties therein are jointly and severally liable among themselves and with the debtor. - Suretyship. The general rule is that the surety acts gratuitously, not as a speculator. Multiple sureties in commercial suretyship. Its implication. Their joint and several liability with the debtor. The creditor’s claim against the debtor does not extinguish his right to claim against the surety. - 253 - Obligation - Limited liability company. A partner’s liability is determined by the amount of the shares he contributed to the company’s capital. The implication. The security of this company’s creditors is confined to its assets, not the assets of the partners.