Book1 Division07 Title21 Chapter02 Part06 01

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.

Section 1042.

• A bill of exchange is payable on the day of its maturity. The holder must present it for payment on that day.

《Genealogies》

1. Draft of April 1924: 1084
2. Code of January 1925: 941

Section 1043.

• In order to fix the day of maturity of a bill of exchange payable at the end of a period after sight which has not been accepted, the day of presentation shall be considered as the day of acceptance.

《Genealogies》

1. Draft of April 1924: 1085
2. Code of January 1925: 943

Section 1044.

• A bill of exchange payable on demand is payable on the day of its presentation.

《Genealogies》

1. Draft of April 1924: 1086
2. Code of January 1925: 944

Section 1045.

• The holder of a bill of exchange payable on demand must present it for payment within one year from its date or, if the drawer has specified any shorter time, within such time.

《Genealogies》

1. Draft of April 1924: 1087
2. Code of January 1925: 944

Section 1046.

• Payment can be obtained only on surrender of the bill of exchange. The payer can require the holder to give a receipt on the bill and to sign it.

《Genealogies》

1. Draft of April 1924: 1088
2. Code of January 1925: 945

Section 1047.

• The holder of a bill of exchange cannot refuse part payment, although the bill has been accepted for its full amount.

《Genealogies》

1. Draft of April 1924: 1089
2. Code of January 1925: 946

Section 1048.

• In case of part payment, the holder must note it on the bill of exchange and deliver a receipt to the payer.

《Genealogies》

1. Draft of April 1924: 1090
2. Code of January 1925: 946

Section 1049.

• If a bill of exchange is not presented for payment on the day of maturity, the acceptor can free himself from his liability by depositing the amount due on the bill.

《Genealogies》

1. Draft of April 1924: 1091
2. Code of January 1925: 947

Section 1050.

• [I] The holder of a bill of exchange cannot be compelled to receive payment of it before maturity, except in case of a documentary bill.
• [II] "Documentary bill" means a bill of exchange which is transferred with, and cannot be transferred without, documents constituting evidence that goods which are in transit are pledged to secure either the payment of the bill on the date of its maturity or the acceptance by the drawee.

《Genealogies》

1. Draft of April 1924: 1092
2. Code of January 1925: 942

Section 1051.

• If the holder grants an extension of time to the drawee, he loses his right of recourse against the prior parties who do not agree to the extension.

《Genealogies》

1. Draft of April 1924: 1093
2. Code of January 1925: 948

Section 1052.

• Payment of a bill of exchange before the day of maturity is at the risk of the payer.

《Genealogies》

1. Draft of April 1924: 1094
2. Code of January 1925: 942, 949

Section 1053.

• The drawee is bound to refuse payment:
• (1) If it appears sufficiently that the person presenting the bill of exchange is not a holder or has no capacity to receive payment, or
• (2) If the bill of exchange has been lost or obtained through an offence and due notice thereof has been given to the drawee.

《Genealogies》

1. Draft of April 1924: 1095
2. Code of January 1925: -

Section 1054.

• A payment made by a party to a bill of exchange avails for all parties subsequent to him.

《Genealogies》

1. Draft of April 1924: 1096
2. Code of January 1925: -