DCC 34/1994
Type
Case
Court
Dubai Court of Cassation
Jurisdiction
Dubai
Taxonomy
Guarantees, Lending & Security, Civil Evidence
Copyright
LexisNexis
Decision date
18 Jun 1994
Catchwords
Loan – Guarantee – Outstanding Payments – Expert – Statement of Account – Banks – Evidence
The original dispute involved an unpaid loan which had been guaranteed. A key issue was whether the statement of account was conclusive proof of outstanding balances. Sending this statement did not equate to the customer's confirmation it was correct. The lower court should have allowed an expert to be appointed to assess the matter.
Background