Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 725

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

English translation of the principle

The legislature's requirement that a commercial instrument contain specified particulars. Its purpose. The sanction for omission of one of these particulars. The instrument loses its negotiable-instrument character and becomes an ordinary instrument subject to the general rules of obligations; thus the ordinary limitation period applies, not the negotiable-instrument limitation period. - A promissory note lacking a statement of its place of execution and the name of its maker. Its effect. It lacks the character of a commercial instrument.
Arabic original
استلزام المشرع توافر اشتمال الورقة التجارية على بيانات معينة. الهدف منه. جزاء تخلف أحد هذه البيانات. فقد الورقة لصفتها الصرفية وتصبح سنداً عادياً تسري عليه القواعد العامة في الالتزام فيطبق التقادم العادي لا الصرفي. - خلو السند لأمر من بيان مكان إنشائه واسم محرره. أثره. انتفاء صفة الورقة التجارية عنه.
Original Arabic judgment citations

(الطعن ٤٤/٨٧ تجاري جلسة ١٦/١١/١٩٨٧ مج القسم الثاني - المجلد الأول ص ٦٢٠)

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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