Book1 Division07 Title01 Chapter04 Part04

DRAFT: CIVIL AND COMMERCIAL CODE FOR KINGDOM OF SIAM.

• The today existing (probably) only copy of its publication is in possession of the main library of Bangkok University. The detailed information and images of the original sources are available on the Centennial Website.
• The detailed information about the genealogical relations between the Draft 1919, Codes of 1923, Codes of 1925, and Code of 1992 is available at the "French Advisers' Heritage".

BOOK ON OBLIGATIONS.

DIVISION VII. SPECIFIC CONTRACTS.

TITLE I. Sale.

Section 453.

• A sale by auction is complete when the auctioneer announces its completion by the fall of the hammer or in any other customary manner.

《Genealogies》

1. Draft of April 1924: 518
2. Code of January 1925: 509

Section 454.

• A buyer at a sale by auction is bound by the clauses of the notice advertising the sale and by any other statements made by the auctioneer before opening the bidding for each particular lot.

《Genealogies》

1. Draft of April 1924: 519
2. Code of January 1925: 510

Section 455.

• The auctioneer cannot bid at an auction conducted by himself.

《Genealogies》

1. Draft of April 1924: 520
2. Code of January 1925: 511

Section 456.

• [I] The seller cannot bid or employ any person to bid, unless it be expressly stated in the advertisement of the auction that he has such right.
• [II] The seller within the meaning of this section is the person whose property is sold.

《Genealogies》

1. Draft of April 1924: 521
2. Code of January 1925: 512

Section 457.

• The auctioneer can withdraw property from the auction whenever he thinks that the highest bid is insufficient.

《Genealogies》

1. Draft of April 1924: 522
2. Code of January 1925: 513

Section 458.

• A bidder ceases to be bound by his bid as soon as a higher bid is made, whatever be the validity of such higher bid, or as soon as the lot is withdrawn from the auction.

《Genealogies》

1. Draft of April 1924: 523
2. Code of January 1925: 514

Section 459.

• The highest bidder must pay the price in ready money on the completion of the sale, or at the time fixed by the notice advertising the sale.

《Genealogies》

1. Draft of April 1924: 524
2. Code of January 1925: 515

Section 460.

• If the highest bidder fails to pay the price, the auctioneer shall resell the property. If the nett proceeds of such sale do not cover the price and costs of the original auction, the original bidder is liable for the difference.

《Genealogies》

1. Draft of April 1924: 525
2. Code of January 1925: 516

Section 461.

• The auctioneer is liable for any part of the proceeds of an auction which remains unpaid owing to his failure to enforce the provisions of Section 459 or 460.

《Genealogies》

1. Draft of April 1924: 526
2. Code of January 1925: 517