Kuwait Court of Cassation principle number 528

Current account. Its nature: a contract whereby 2 persons agree to enter in an account, by means of - 100 - Commercial reciprocal and interlocking payments, the debts arising from transactions conducted between them. It is not confined to banking transactions, and a bank need not be a party thereto. - The absence from the statutory provisions of a prohibition on current-account dealings between commercial persons other than banks. Its implication. The validity of account transactions between them. - The principal characteristics distinguishing a current account from a simple account. Their nature. - Payments entered in the 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 governing it before entry into the account, but to the ordinary limitation period prescribed for the balance arising from the current-account contract.