Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 728

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

English translation of the principle

Creation of a commercial instrument as a means of satisfying a prior obligation. Its effect. A new obligation arises, namely the negotiable-instrument obligation, alongside and independently of the original obligation. The creditor may elect to proceed against the debtor by an action on the instrument or an action on the original debt. Extinction of the first action by limitation does not affect the second action.
Arabic original
إنشاء الورقة التجارية كأداة للوفاء بالتزام سابق. أثره. نشأة التزام جديد هو الالتزام الصرفي إلى جوار الالتزام الأصلي ومستقل عنه. للدائن الخيار في الرجوع على المدين بدعوى الصرف أو بدعوى الدين الأصلي. انقضاء الدعوى الأولى بالتقادم غير مؤثر على الدعوى الثانية.
Original Arabic judgment citations

(الطعن ٢٥٦/٨٨ تجاري جلسة ١٧/٤/١٩٨٩ مج القسم الثاني - المجلد الأول ص ٦٢١)

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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