What is the fate of promissory notes submitted as security in an investment contract that has been judicially rescinded?
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Radiif AI Legal Assistant
⚡ Quick Answer:
Upon judicial rescission of the investment contract, the security nature of the promissory notes submitted thereunder is extinguished, and the party who provided them has the right to claim their recovery due to the cessation of the grounds for their entitlement.
Legal References & Citations
السندات لأمر التي كانت ضماناً من المدعي في عقد الاستثمار المحرر بينهما في تاريخ 29/8/1440هـ
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