Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3554

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

English translation of the principle

The bank's relationship with the beneficiary under a letter of guarantee. Independent of its relationship with the customer. Its obligation to pay the beneficiary. A primary obligation.
Arabic original
علاقة البنك بالمستفيد بخطاب الضمان. مستقلة عن علاقته بالعميل. التزامه بالوفاء له. التزام أصيل.
Original Arabic judgment citations

(الطعن ٩٤/٨٨ تجاري جلسة ٢٣/١/١٩٨٩ مج القسم الثاني - المجلد الأول ص ٥٦٢)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 599. PDF pages: 599.

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