Kuwait Court of Cassation principle number 1596

Dispositions of a minor lacking discernment. Void. The reason therefor. Art. 86 of the Civil Code. - 278 - Commercial - The suretyship contract. Its nature. - 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. - The limited liability company. A partner's liability is limited to the amount of the shares he has contributed to the company's capital. The implication thereof. The security of this company's creditors is confined to its patrimony, excluding the partners' patrimonies. - The limited liability company's cessation in respect of its debts. Its effect: its bankruptcy as a legal person. Bankruptcy does not extend to its shareholders or partners. The reason therefor. - Bankruptcy rules. A matter of public policy.