Book1 Division07 Title21 Chapter03

From Thai Codification Draft of 1919

DRAFT: CIVIL AND COMMERCIAL CODE FOR KINGDOM OF SIAM.

BOOK ON OBLIGATIONS.

DIVISION VII. SPECIFIC CONTRACTS.

TITLE XXI. Bills.

Chapter III. Promissory Notes.
Section 1090.
  • A promissory note is a written instrument by which a person, called the maker, promises to pay a sum of money to, or to the order of, a person, called the payee.

《Genealogies》

  1. Draft of April 1924: 1140
  2. Code of January 1925: 982
Section 1091.
  • A promissory note must be dated, signed by the maker, and must contain the following particulars :
  • (1) A sum certain in money.
  • (2) The name or trade name of the payee.
  • (3) An unconditional promise to pay.
  • (4) The place where the promissory note is made.
  • (5) A day of maturity.

《Genealogies》

  1. Draft of April 1924: 1141
  2. Code of January 1925: 983
Section 1092.
  • If the maker does not state in the promissory note a place of payment, the place where it is made is the place of payment.

《Genealogies》

  1. Draft of April 1924: 1142
  2. Code of January 1925: 984
Section 1093.
  • The following provisions of Chapter II concerning bills of exchange apply mutatis mutandis to promissory notes :
  • Sections 966 to 969, 972, 974 to 977 concerning the drawing of a bill of exchange.
  • Sections 978, 980, 981 concerning the effects of a bill of exchange.
  • Sections 982 to 988, 990 to 996 concerning transfer and indorsement.
  • Sections 1036 to 1041 concerning suretyship.
  • Sections 1042 to 1054 concerning payment.
  • Sections 1055 to 1073 concerning the right of recourse in case of non-payment.
  • Sections 1077 to 1084 concerning payment for honour.

《Genealogies》

  1. Draft of April 1924: 1143
  2. Code of January 1925: 985
Section 1094.
  • [I] The holder of a promissory note payable at the end of a period after sight must present it to the maker within one year from its date, or, if the maker has specified a shorter time in the promissory note, within such time.
  • [II] If the holder fails to present the promissory note within the above mentioned time, he loses his right of recourse against the prior indorsers.

《Genealogies》

  1. Draft of April 1924: 1144
  2. Code of January 1925: -
Section 1095.
  • The maker must note on the promissory note the date of presentation and sign it.

《Genealogies》

  1. Draft of April 1924: 1145
  2. Code of January 1925: -
Section 1096.
  • [I] If the maker merely puts his signature on the promissory note, the promissory note is deemed to have been duly presented to him and any person can fill up the date.
  • [II] If there is no date, the last day of the time fixed by section 1094 is deemed to be the day of presentation.

《Genealogies》

  1. Draft of April 1924: 1146
  2. Code of January 1925: -
Section 1097.
  • If the maker does not on presentation sign the promissory note as provided by section 1095, the holder and the indorsers have a right of recourse against the prior parties, provided that they comply with the provision of sections 1011 to 1027 concerning bills of exchange, mutatis mutandis.

《Genealogies》

  1. Draft of April 1924: 1147
  2. Code of January 1925: -
Section 1098.
  • If the holder fails to have a protest made, he loses his right of recourse against all prior parties except the maker.

《Genealogies》

  1. Draft of April 1924: 1148
  2. Code of January 1925: -