Civil Transactions Law
Art. 21Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
1. Fungibles are things the individual units of which are identical or similar
enough to become interchangeable upon the performance of an obligation
without any difference considered significant according to custom.
2. Non-fungibles are things the individual units of which differ significantly in
characteristics or value and such difference is considered significant
according to custom or things the equivalents of which are rarely circulated.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
Freshness not yet recorded