Kuwait Court of Cassation principle number 1355

Expression of intention. When it produces its effect. Its receipt by the person to whom it is addressed. A presumption of his knowledge of it. The management appointed over the bank by the Iraqi occupation authorities. Its representation of the bank. Usurpatory and illegitimate representation. The effect thereof: the non-existence of its dispositions and procedures as against the bank as a legal person. An example concerning an Iraqi bank manager’s endorsement on a demand for the value of a letter of guarantee and its effect on the bank’s obligation to pay its value.