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29 October 2020

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Law No. 16 of 1971 issuing the Law of Civil and Commercial Articles

Law Summary Record Type: LawNumber: 16Date: 25/08/1971 Corresponding to 04/07/1391 HijriNumber of Articles: 477Status: In force

Official Gazette :Issue: 7Offcial Journal Issue Publication Date: 01/01/1971 Corresponding to 05/11/1390 HijriPage from: 3458

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Article 126 (Cancelled) (Repealed By 22 /2004)Text Before Cancelling
Starting Date : 01/01/1971 Expiry Date : 30/06/2004

An obligation based on a rescissible condition shall be effective immediately. Where the condition is met, the obligation shall cease, and the obligee shall return what he has received. Where meeting the condition is rendered impossible by any act attributable to the obligee, he shall pay indemnity. However; acts pertaining to management performed by the obligee shall remain valid and binding notwithstanding such condition having been met.

6/30/2004

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