Book1 Division07 Title21 Chapter02 Part04 01
From Thai Codification Draft of 1919
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 XXI. Bills.
Chapter II. Bill of Exchange.
Part IV. Acceptance.
1. Acceptance by drawee.
Section 997.
- The holder of a bill of exchange is entitled to present it at any time for acceptance to the drawee, unless there be a clause in the bill forbidding presentation for acceptance.
《Genealogies》
Section 998.
- [I] The holder of a bill of exchange payable at the end of a period after sight must present it for acceptance within one year from its date, or, if the drawer has specified a shorter time, within such time.
- [II] If the holder fails to present the bill for acceptance within the above mentioned period, he loses his rights under the bill against the prior indorsers.
《Genealogies》
Section 999.
- If the drawee does not refuse to accept the bill of exchange on presentation, he is allowed till midday on the following day, to seek out the holder and accept it.
《Genealogies》
Section 1000.
- Acceptance is made by a declaration of acceptance written on the bill of exchange with the signature of the drawee.
《Genealogies》
Section 1001.
- If the drawee merely puts his signature on the bill of exchange, he is deemed to have accepted it.
《Genealogies》
Section 1002.
- If the bill of exchange is payable at the end of a period after sight, the acceptance must be dated.
《Genealogies》
Section 1003.
- If the drawee omits to date his acceptance, any person can date it.
《Genealogies》
Section 1004.
- If the acceptance is not dated, the last day of the period fixed for acceptance is deemed to be the day of acceptance.
《Genealogies》
Section 1005.
- The drawee cannot cancel his acceptance.
《Genealogies》
Section 1006.
- The drawee may limit his acceptance to a part of the sum payable.
《Genealogies》
Section 1007.
- If the drawee subjects his acceptance to any other limitation than to part of the sum payable, acceptance is deemed to be refused.
《Genealogies》
Section 1008.
- By acceptance the drawee becomes bound to pay the amount accepted on the day of maturity of the bill of exchange.
《Genealogies》
