Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 190

State of Kuwait · Commercial and Labour — Volume 9 · Ministry of Justice — Court of Cassation — Technical Office

English translation of the principle

A loan is commercial if its purpose is to expend the borrowed sums on commercial activities. The determining factor is the borrower's apparent intention at the time of contracting, not the ultimate use of the sums.
Arabic original
القرض يكون تجارياً إذا كان القصد منه صرف المبالغ المقترضة في أعمال تجارية العبرة في ذلك هي بالقصد الظاهر للمقترض وقت التعاقد لا بمصير المبالغ.
Original Arabic judgment citations

(الطعن ١١/٨٦ تجاري جلسة ٢٢/١٠/١٩٨٦ مج القسم الثاني - المجلد الأول ص ٥٠٢)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 43. PDF pages: 43.

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