Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 451

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

English translation of the principle

Performance of the loan agreement. Its nature. - Credit-opening contract: its definition. A unilaterally binding contract under which the bank undertakes to place the agreed amount at the customer's disposal without the customer being obliged to use it. When it becomes binding on both parties: when the customer actually uses the credit amount. - Current account. What distinguishes it from an ordinary account. The condition of reciprocal payments.
Arabic original
تنفيذ الاتفاق على القرض. ماهيته. - عقد فتح الاعتماد: تعريفه. عقد ملزم بجانب واحد يلتزم فيه البنك بوضع المبلغ المتفق عليه تحت تصرف العميل دون أن يكون ملزماً باستعماله. متى يصبح ملزماً للجانبين: باستخدام العميل مبلغ الاعتماد بالفعل. - الحساب الجاري. ما يميزه عن الحساب العادي. شرط تبادل المدفوعات.
Original Arabic judgment citations

(الطعن ٢٧٠/٩٢ تجاري جلسة ٩/٣/١٩٩٢ مج القسم الثالث - المجلد الأول ص ٩٠٤)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 90. PDF pages: 90.

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