Kuwait Court of Cassation principle number 439

Current account. Its nature: a contract whereby 2 persons agree to enter in an account, through reciprocal and interwoven payments, debts arising from transactions between them. It is not confined to banking transactions, and a bank need not be a party thereto. - The absence of statutory provisions prohibiting dealings through a current account between commercial persons other than banks. Its import. The validity of account transactions between them. - The principal features distinguishing a current account from a simple account—what they are. - 88 - Commercial - Payments entered in a current account. Their merger into an indivisible whole giving rise to a single debt, namely the balance debt. Its effect. This debt is not subject to the limitation period that governed it before entry into the account but is subject to the ordinary limitation period prescribed for the balance arising from the current-account contract.