Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 2607

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

English translation of the principle

A loan is a commercial act regardless of the borrower's capacity or the purpose for which the loan was allocated. - Suretyship. Its nature. The general rule is that the surety acts gratuitously, not as a speculator. A surety guaranteeing a debt considered commercial in relation to the debtor. His obligation is commercial, like that of the guaranteed debtor. The reason thereof. - Commercial suretyship. Joint and several suretyship among the sureties and with the debtor. Its effect. - The creditor bank's granting banking facilities in the form of a loan to the debtor for use in his current account with the bank, guaranteed by a third party. A commercial act. The suretyship therein is commercial. Its effect.
Arabic original
القرض عمل تجاري أياً كانت صفة المقترض أو الغرض الذي خصص له القرض. - الكفالة. ماهيتها. الأصل فيها أن يكون الكفيل متبرعاً لا مضارباً. الكفيل الذي يضمن ديناً يعتبر تجارياً بالنسبة إلى المدين. التزامه تجاري كالتزام المكفول. علة ذلك. - الكفالة التجارية. كفالة تضامنية فيما بين الكفلاء ومع المدين. أثره. - منح البنك الدائن تسهيلات مصرفية بشكل قرض للمدين لاستعماله في حسابه الجاري لدى البنك بكفالة طرف ثالث. عمل تجاري. الكفالة فيه تجارية. أثره.
Original Arabic judgment citations

(الطعن ٢٩٦/٢٠٠١ مدني جلسة ١١/٢/٢٠٠٢ مج القسم الخامس - المجلد الثامن ص ٦٦٠)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 448. PDF pages: 448.

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