Legal implications of “regeneration of payments” principle in current bank account in light of the Omani commercial law
Other Title(s)
النتائج القانونية لمبدأ الأثر التجديدي في الحساب الجاري في ضوء قانون التجارة العماني
Joint Authors
al-Barashdi, Salih
al-Shiyyab, Muhammad Said Abd Allah
Source
Jordan Journal of Law and Political Sciences
Issue
Vol. 12, Issue 1 (31 Mar. 2020), pp.13-30, 18 p.
Publisher
Mutah University Deanship of Academic Research
Publication Date
2020-03-31
Country of Publication
Jordan
No. of Pages
18
Main Subjects
Topics
Abstract EN
This study attempted to examine the principle of “regeneration of payments” in current bank account contract, analyze its implications, and explore the significant consequences of principle on both sides of the account.
Further, the study endeavored to examine the effects of regeneration principle on payments entered and incorporated into the account.
It has been found that the change in the nature or type of claims needed to enforce or acquire the financial rights incorporated in the current account is not imposed by legal provisions of Omani Commercial Law, but rather, it is an effect to the agreement of parties who established the current account and agreed to accrue such regeneration effect on payments or financial rights incorporated into the current account.
Thus, the effects of regeneration principle are based on and related to contract rather than legal provisions of Omani Commercial Law.
American Psychological Association (APA)
al-Shiyyab, Muhammad Said Abd Allah& al-Barashdi, Salih. 2020. Legal implications of “regeneration of payments” principle in current bank account in light of the Omani commercial law. Jordan Journal of Law and Political Sciences،Vol. 12, no. 1, pp.13-30.
https://search.emarefa.net/detail/BIM-964436
Modern Language Association (MLA)
al-Shiyyab, Muhammad Said Abd Allah& al-Barashdi, Salih. Legal implications of “regeneration of payments” principle in current bank account in light of the Omani commercial law. Jordan Journal of Law and Political Sciences Vol. 12, no. 1 (2020), pp.13-30.
https://search.emarefa.net/detail/BIM-964436
American Medical Association (AMA)
al-Shiyyab, Muhammad Said Abd Allah& al-Barashdi, Salih. Legal implications of “regeneration of payments” principle in current bank account in light of the Omani commercial law. Jordan Journal of Law and Political Sciences. 2020. Vol. 12, no. 1, pp.13-30.
https://search.emarefa.net/detail/BIM-964436
Data Type
Journal Articles
Language
English
Notes
Includes appendices.
Record ID
BIM-964436