Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 63

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

English translation of the principle

A bank deposit and a deposit earmarked for a particular task. The nature of each. - When the contract ceases to be a bank deposit regarded as a loan under which the bank owns the money, so that it assumes the position of an agent whose principal obligation is not merely to return an amount equal to and what it received, but to preserve it to enable it to perform the original agreed task for remuneration.
Arabic original
الوديعة المصرفية والوديعة المخصصة لعمل معين. ماهية كل منهما. - متى يخرج العقد عن الوديعة المصرفية باعتبارها قرضاً يمتلك فيها البنك النقود ليصبح في مركز وكيل التزامه الأساسي ليس مجرد رد مبلغ مساو ولما تسلمه بل المحافظة عليها لتمكينه من تنفيذ العمل الأصلي المتفق عليه مقابل أجر.
Original Arabic judgment citations

(الطعن ١٧٨/١٩٨٩ تجاري جلسة ٢٩/١/١٩٩٠ مج القسم الثاني المجلد الثالث ص١٠٤٣)

Source: Court of Cassation legal principles collection — Pleadings — Part Three — Ministry of Justice — Court of Cassation — Technical Office. Printed page 15. PDF pages: 12.

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