Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 723

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

English translation of the principle

The statement specifying the place of payment. A promissory note must contain it. The effect of its absence. The note loses its banking character, falls outside the scope of the law of negotiable instruments, and is regarded as an ordinary instrument containing an acknowledgment of debt and is not considered a commercial act.
Arabic original
البيان الخاص بمكان الوفاء. وجوب اشتمال السند لأمر عليه. أثر خلوه منه. فقده صفته المصرفية وخروجه من نطاق قانون الصرف واعتباره سنداً عادياً يتضمن اقراراً بدين ولا يعد عملاً تجارياً.
Original Arabic judgment citations

(الطعن ٩٠/٨٦ تجاري جلسة ٧/١/١٩٨٧ مج القسم الثاني - المجلد الأول ص ٦١٨)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 138. PDF pages: 138.

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