Book3 Title21 Chapter02 Part05
From Thai Codification Draft of 1924
DRAFT: CIVIL AND COMMERCIAL CODE FOR KINGDOM OF SIAM
BOOK III ON SPECIFIC CONTRACTS. (April 1924)
- Reconstructed from the Documents in Vols. 86, 87, 88, and 89 of “The Archives of the History of Thai Codification”.
- For the details, please, refer to the "Introductory Notes" to the "Reconstructed Book III on Specific Contracts".
TITLE XXI. Bills.
Chapter II. Bills of Exchange.
Part V. Suretyship.
Section 1078.
- Every party to a bill of exchange may be guaranteed by a surety.
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Section 1079.
- Suretyship is created by a signed statement to that effect on the bill of exchange.
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Section 1080.
- 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.
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Section 1081.
- Suretyship may be for part only of the amount of the bill of exchange.
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Section 1082.
- 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.
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Section 1083.
- 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.
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