SALEH AHMED ALAMARY VS SALEH SALIM ALAMRY COMM CASE NO
There was no valid loan agreement between the Plaintiff and any of the Defendants because the 1st Defendant lacked authority to bind the 3rd Defendant and the 2nd Defendant was not a party. However, as the 3rd Defendant received the benefit of the loan, it is bound to restore the outstanding amount to the Plaintiff under section 65 of the Law of Contract Act. Claims for contractual interest and damages are denied as the contract is void.
Source excerpt
- Void contracts
- Authority of agents
- Restitution
- Corporate personality