UAE Civil Transactions Law

Article 679

Book Two: Nominate Contracts · Section One: Contracts of Transfer of Ownership · Chapter Seven: Settlement Contract · Part Two: Effects of the Settlement

1. If two persons settle, each claiming a specific thing in the possession of the other, on the condition that each retains the thing in their possession, the settlement shall be governed by the rules of barter, and its validity shall not depend on knowledge of the value of the two considerations. 2. The provisions of the contract most closely resembling the settlement in terms of its validity and the effects arising therefrom shall apply to the settlement.

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