Book1 Division07 Title21 Chapter02 Part05

From Thai Codification Draft of 1919
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DRAFT: CIVIL AND COMMERCIAL CODE FOR KINGDOM OF SIAM.

BOOK ON OBLIGATIONS.

DIVISION VII. SPECIFIC CONTRACTS.

TITLE XXI. Bills.

Chapter II. Bill of Exchange.
Part V. Suretyship.
Section 1036.
  • Every party to a bill of exchange may be guaranteed by a surety.

《Genealogies》

  1. Draft of April 1924: 1078
  2. Code of January 1925: 938
Section 1037.
  • Suretyship is created by a signed statement to that effect on the bill of exchange.

《Genealogies》

  1. Draft of April 1924: 1079
  2. Code of January 1925: 939
Section 1038.
  • A person who not being the drawee merely puts his signature on the face of a bill of exchange is deemed to be a surety.

《Genealogies》

  1. Draft of April 1924: 1080
  2. Code of January 1925: 939
Section 1039.
  • Suretyship may be for part only of the amount of the bill of exchange.

《Genealogies》

  1. Draft of April 1924: 1081
  2. Code of January 1925: 938
Section 1040.
  • If the surety does not state on the bill of exchange for whom he is surety, he is deemed to be surety for the drawer.

《Genealogies》

  1. Draft of April 1924: 1082
  2. Code of January 1925: 939
Section 1041.
  • A surety who has performed his obligation is subrogated to the rights which the holder had against the guaranteed debtor and to the rights of such debtor against the prior parties.

《Genealogies》

  1. Draft of April 1924: 1083
  2. Code of January 1925: 940