Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 2421

State of Kuwait · Pleadings — Part Two · Ministry of Justice — Court of Cassation — Technical Office

English translation of the principle

Creation of a negotiable instrument as a means of discharging a prior obligation. Its effect. The creation of a new independent obligation, namely the negotiable-instrument obligation, alongside the original obligation. The creditor has the option of recourse against the debtor through an action on the negotiable instrument or an action on the original debt. The creditor’s pursuit of the ordinary action route. Its effect. Example.
Arabic original
إنشاء الورقة التجارية كأداة للوفاء بالتزام سابق. أثره. نشأة التزام جديد مستقل هو الالتزام الصرفي إلى جوار الالتزام الأصلي. للدائن الخيار في الرجوع على المدين بدعوى الصرف أو بدعوى الدين الأصلي. سلوك الدائن طريق الدعوى العادية. أثره. مثال.
Original Arabic judgment citations

(الطعن ١٤٦/١٩٩٦ تجاري جلسة ٢٩/١٢/١٩٩٦ مج القسم الثالث المجلد الثاني ص٩١٣)

Source: Court of Cassation legal principles collection — Pleadings — Part Two — Ministry of Justice — Court of Cassation — Technical Office. Printed page 455. PDF pages: 452.

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