Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 504

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

English translation of the principle

Opening a bank account for multiple persons with joint and several creditor entitlement, whether an ordinary or current account. Its effect. Each of them has, against the bank, the full right to the account as if it were recorded in his name alone.
Arabic original
فتح حساب مصرفي لأشخاص متعددين مع التضامن الإيجابي سواء كان حساباً عادياً أو جارياً. أثره. لكل منهم قبل البنك الحق الكامل على الحساب كما لو كان مقيداً بإسمه وحده.
Original Arabic judgment citations

(الطعن ١٠٥/١٩٩٣ تجاري جلسة ١٣/١٢/١٩٩٣ مج القسم الثالث - المجلد الأول ص ٩٠٩)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 98. PDF pages: 98.

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