Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 580

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

English translation of the principle

A bank deposit and a deposit allocated to a specific task. The nature of each. - When the contract ceases to be a bank deposit regarded as a loan under which the bank acquires ownership of the money, so that it assumes the position of - 109 - Commercial an agent whose primary obligation is not merely to return an amount equal to what it received, but to preserve it to enable it to perform the original agreed task for remuneration.
Arabic original
الوديعة المصرفية والوديعة المخصصة لعمل معين. ماهية كل منهما. - متى يخرج العقد عن الوديعة المصرفية بإعتبارها قرضاً يتملك فيها البنك النقود ليصبح في مركز - ١٠٩ - تجاري وكيل التزامه الأساسي ليس مجرد رد مبلغ مساوٍ لما تسلمه بل المحافظة عليها لتمكينه من تنفيذ العمل الأصلي المتفق عليه مقابل أجر.
Original Arabic judgment citations

(الطعن ١٧٨/١٩٨٩ تجاري جلسة ٢٩/١/١٩٩٠ مج القسم الثاني - المجلد الثالث ص ٩٩٨)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 109. PDF pages: 109–110.

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