Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 497

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

English translation of the principle

Entry of a debt into the current account. Its effect. It loses its identity and becomes an item of the account, merges into it, and is transformed into a new debt that cannot be paid or set off separately and cannot validly be claimed independently except upon the occurrence of aggregate set-off through closure of the account and liquidation of its balance. An example concerning entry of a loan debt into the current account.
Arabic original
دخول الدين في الحساب الجاري. أثره. فقد كيانه وتحوله إلى مفرد من مفردات الحساب ويندمج فيه ويتحول لدين جديد لا يقبل الوفاء أو المقاصة على حدة ولا تصح المطالبة به على استقلال إلا عند وقوع المقاصة الإجمالية بقفل الحساب وتصفية رصيده مثال بشأن دخول دين قرض في الحساب الجاري.
Original Arabic judgment citations

(الطعن ١٧٤/٨٩ تجاري جلسة ٢٧/١١/١٩٨٩ مج القسم الثاني - المجلد الأول ص ٧٥٠)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 97. PDF pages: 97.

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