Book1 Division07 Title18

DRAFT: CIVIL AND COMMERCIAL CODE FOR KINGDOM OF SIAM.

• Its 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 XVIII. Current Account.

Section 916.

• A contract of current account is a contract whereby two persons agree that transactions between them shall be entered in a separate account and that from time to time the respective obligations shall be set off and only the difference paid.

《Genealogies》

1. Draft of April 1924: 975
2. Code of January 1925: 856

Section 917.

• The parties can agree to have several current accounts at the same time.

《Genealogies》

1. Draft of April 1924: 976
2. Code of January 1925: -

Section 918.

• The entry of a bill in a current account is presumed to be made on condition that the bill will be paid. If the bill is not paid, the entry may be cancelled.

《Genealogies》

1. Draft of April 1924: 977
2. Code of January 1925: 857

Section 919.

• A surety for a party to a current account guarantees the payment of the difference due by him when the balance is struck.

《Genealogies》

1. Draft of April 1924: 978
2. Code of January 1925: -

Section 920.

• The balance must be struck at the time agreed by the parties. If no time has been agreed, the balance must be struck at the time fixed by the custom.

《Genealogies》

1. Draft of April 1924: 979
2. Code of January 1925: 858

Section 921.

• Either party can at any time determine the contract of current account and have the balance struck.

《Genealogies》

1. Draft of April 1924: 980
2. Code of January 1925: 859

Section 922.

• The contract of current account is extinguished and the balance must be struck when one party dies or becomes incapacitated.

《Genealogies》

1. Draft of April 1924: 981
2. Code of January 1925: -

Section 923.

• The difference, if not paid, bears interest from the day when the balance was struck.

《Genealogies》

1. Draft of April 1924: 982
2. Code of January 1925: 860

Section 924.

• The obligations, resulting from a current account are extinguished by prescription five years after the balance was struck.

《Genealogies》

1. Draft of April 1924: 983
2. Code of January 1925: -