Kuwait Court of Cassation principle number 512

Bank deposit. A contract granting the bank ownership of the money and the power to dispose of it according to its needs, with an obligation to return it to the depositor. - 98 - Commercial - A deposit earmarked for a specific task. Its definition: a deposit entrusted by the customer to the bank to perform a task on his account. It falls within the meaning of agency. The depositary occupies the position of an agent. The implication of this - Its connection with another contract, namely opening a simple account that always remains in credit for the customer. It lacks the characteristics of a current account.