SCA 1529/2019
This case involved the breach of an investment contract. The existence of the transaction had been admitted and this should be used as evidence.
Background
A claimant filed a case against a defendant before the court. He said that he had paid the defendant 90000 Riyals in order to invest in exchange for 70% of the profits. He said that the defendant had failed to commit to his obligations. He requested the court to order the defendant to pay him the capital and the profits.
Decision
The court said that the case documents had revealed that the defendant had admitted the existence of the transaction. The court said that the recognition should be considered as evidence according to Articles 108 and 109 of the Advocacy Law.
The court ruled that the defendant should pay the claimant the mentioned amount.
The Court of Appeal – Mecca upheld the ruling based on the same grounds.