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Colleges

Personal and in-kind guarantees

Course Description: The course defines the special means of securing debts and guaranteeing the assignment of debt and credit in accordance with the regulations issued in this regard in the Kingdom of Saudi Arabia.
Credit hours: 3
Prerequisites: LAW 101
Objectives of the course :

The objective of studying this course is to introduce the student to and equip them with the legal provisions for debt security instruments, in terms of identifying each, their conditions, and their effects. This is particularly true for guarantees, assignment of debt, assignment of rights, official mortgages, possession mortgages, and privileges. This will be in accordance with the regulations issued in this regard in the Kingdom of Saudi Arabia, the Unified Civil Law of the GCC States, and comparative laws, within the allotted time.

Course outputs :

Knowledge and understanding:
1. Knows terms and concepts related to personal and real security interests (suretyship, mortgage, pledge, lien, and privilege).
2- To describe the fundamental principles and theories governing personal and real security interests, including their creation, effects, and termination. .
Skills:
1- To analyze the legal texts related to guarantees, mortgages, chattel mortgages, privileges, and jurisdiction.
2. Apply legal rules to the material facts.
3. To draft lawsuits and legal memoranda in the field of disputes related to personal and real guarantees.
Values, autonomy and responsibility:
1- To adhere to Islamic values and professional ethics, and to participate in finding constructive solutions to issues.
2- To take responsibility in personal and group work.
To embody good morals, self-confidence, understanding of others, and commitment to the values of loyalty and belonging to the homeland and its leadership.

Additional information:

Course Topics:
Introduction to the Contract of Suretyship: Its Characteristics, Legality, Most Important Types, and Formation in Islamic Jurisprudence, Saudi Law, and Comparative Legal Systems.
The Effects of Suretyship and its Termination in Jurisprudence and Law + Midterm Exam.
Definition of Official Mortgage, its creation, legality, validity, and effects in jurisprudence and law + Midterm Exam.
Pledge by possession: its definition, creation, validity, effects, and termination in jurisprudence and law.
Definition of a franchise, its characteristics, its regulatory nature, its place, and its effects.

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