Book1 Division07 Title01 Chapter01 Part03

From Thai Codification Draft of 1919

DRAFT: CIVIL AND COMMERCIAL CODE FOR KINGDOM OF SIAM.

BOOK ON OBLIGATIONS.

DIVISION VII. SPECIFIC CONTRACTS.

TITLE I. Sale.

Chapter I. Nature and Essentials of the Contract of Sale.
Part III. Promise of Sale.
Section 396.
  • A promise of sale is a contract whereby one party agrees to sell or to buy a property, and the other party agrees that he will at his discretion either complete or not complete the sale.

《Genealogies》

  1. Draft of April 1924: 461
  2. Code of January 1925: -
Section 397.
  • If the other party notifies his intention to complete the sale, the promise of sale has the effect of a contract of sale as soon as the notification reaches the first party.

《Genealogies》

  1. Draft of April 1924: 462
  2. Code of January 1925: -
Section 398.
  • [I] If no time is fixed for the notification, the party who made the promise can fix a reasonable time and call upon the other party to answer within that time whether he will complete the sale or not.
  • [II] If he does not answer within that time, the contract is extinguished.

《Genealogies》

  1. Draft of April 1924: 463
  2. Code of January 1925: -