Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3287

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

English translation of the principle

A bank deposit and a deposit earmarked for a specific task. Nature of each. - When a contract ceases to be a bank deposit regarded as a loan under which the bank acquires ownership of the money, so that it assumes the position of an agent whose principal obligation is not merely to return an amount equal to what it received, but to preserve it to enable it to perform the original agreed task for a fee.
Arabic original
الوديعة المصرفية والوديعة المخصصة لعمل معين. ماهية كل منهما. - متى يخرج العقد عن الوديعة المصرفية بإعتبارها قرضاً يتملك فيها البنك النقود ليصبح في مركز وكيل التزامه الأساسي ليس مجرد رد مبلغ مساوٍ لما 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 ص ٤٧٥)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 555. PDF pages: 555.

Ask the assistant about this principle

Guidance based on the principle and its source details, separate from the original collection text.

Related principles

Continue your case in the legal workspace

Open legal workspace