Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3757

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

English translation of the principle

Creation of a commercial instrument as a means of discharging a prior obligation. Its effect. The creation of a new, independent obligation, namely the obligation - 632 - Commercial under the negotiable instrument, alongside the original obligation. The creditor has the option of proceeding against the debtor by an action on the instrument or an action on the original debt. The creditor’s pursuit of the ordinary action procedure. Its effect. An example.
Arabic original
إنشاء الورقة التجارية كأداة للوفاء بالتزام سابق. أثره. نشأة التزام جديد مستقل هو الالتزام - ٦٣٢ - تجاري الصرفي إلى جوار الالتزام الأصلي. للدائن الخيار في الرجوع على المدين بدعوى الصرف أو بدعوى الدين الأصلي. سلوك الدائن طريقة الدعوى العادية. أثره. مثال.
Original Arabic judgment citations

(الطعن ١٤٦/١٩٩٦ تجاري جلسة ٢٩/١٢/١٩٩٦ مج القسم الثالث - المجلد الثالث ص ١١٤٢)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 632. PDF pages: 632–633.

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