Book1 Division07 Title21 Chapter02 Part04 03
From Thai Codification Draft of 1919
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 XXI. Bills.
Chapter II. Bill of Exchange.
Part IV. Acceptance.
3. Acceptance for honour.
Section 1028.
- If the drawee has failed to accept the bill of exchange, any person may, with the consent of the holder, accept the bill for the honour of any party liable thereon.
《Genealogies》
Section 1029.
- The holder cannot refuse acceptance offered by a referee in case of need.
- If he refuses it he loses his right of recourse against the prior parties.
《Genealogies》
Section 1030.
- Acceptance by a referee in case of need or by a third person is called acceptance for honour.
《Genealogies》
- Draft of April 1924: 1099
- Code of January 1925: -
Section 1031.
- An acceptance for honour is made by a declaration of acceptance on the bill of exchange with the signature of the acceptor.
《Genealogies》
Section 1032.
- If the acceptor for honour does not designate in the bill of exchange the person for whom he accepts, the acceptance is deemed to have been made for the honour of the drawer.
《Genealogies》
Section 1033.
- When a bill of exchange payable at the end of a period after sight is accepted for honour, its maturity is calculated from the date of such acceptance.
《Genealogies》
- Draft of April 1924: 1102
- Code of January 1925: -
Section 1034.
- [I] If the drawee fails to pay the bill of exchange, the acceptor for honour is liable to the holder and to the parties subsequent to the person for whose honour he has accepted, for any amount unpaid on the bill up to the amount of his acceptance together with the expenses.
- [II] But he is exempted from such liability if the holder fails :
- (1) To present the bill for payment on maturity to the drawee, and
- (2) To present the bill for payment to the acceptor for honour not later than the day following the day of maturity, and
- (3) To send a protest to the drawee within the proper time.
《Genealogies》
Section 1035.
- Sections 1002 to 1007 apply to acceptance for honour.
《Genealogies》
- Draft of April 1924: 1104
- Code of January 1925: -
