Kuwait Court of Cassation principle number 721

The rule is that the endorser of a cheque guarantees to the endorsee and every subsequent holder the existence of the right established by the cheque and its payment at maturity. However, the endorser may stipulate exemption from liability for payment of the cheque. No other person benefits from this stipulation. - The seller's endorsement to the buyer of cheques securing the rent of the property sold, drawn by the tenant in favor of the seller. - 137 - Commercial The seller may be considered an endorser not guaranteeing payment of the value of these cheques. The seller's reliance on this. The judgment's disregard of this defense. Deficiency.