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

Law

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