Kuwait Court of Cassation principle number 246
State of Kuwait · Pleadings — Part Three · Ministry of Justice — Court of Cassation — Technical Office
English translation of the principle
A bank deposit. A contract conferring on the bank ownership of the money and the power to dispose of it according to its needs, with an obligation to return it to the depositor. - A deposit earmarked for a specific task. Its definition: a deposit entrusted by the customer to the bank to perform a task for his account. It falls within the meaning of agency. The depositary is in the position of an agent. The implication thereof. Its connection with another contract, namely the opening of a simple account that remains permanent for the customer. It lacks the characteristics of a current account. - Agency of a co-owner in undivided property on behalf of the other co-owners:-
Arabic original
الوديعة المصرفية. عقد يخول البنك ملكية النقود والتصرف فيها تبعاً لحاجاته مع إلتزامه بردها للمودع. - الوديعة المخصصة لعمل معين. تعريفها: وديعة يعهد بها العميل للبنك تنفيذ عمل لحسابه. دخولها في معنى الوكالة. المودع لديه في مركز الوكيل. مقتضي ذلك. إتصالها بعقد آخر هو فتح حساب بسيط يظل دائما بالنسبة للعميل. تنتفي عنه خصائص الحساب الجاري. - وكالة الشريك على الشيوع عن باقي الشركاء:-Original Arabic judgment citations
(الطعن ٥٩/١٩٩٤ تجاري جلسة ١٣/١١/١٩٩٤ مج القسم الثالث المجلد الثالث ص١١٦٣)
Source: Court of Cassation legal principles collection — Pleadings — Part Three — Ministry of Justice — Court of Cassation — Technical Office. Printed page 48. PDF pages: 45.
Ask the assistant about this principle
Guidance based on the principle and its source details, separate from the original collection text.