Book3 Title21 Chapter02 Part06
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 VI. Payment.
Section 1084.
- A bill of exchange is payable on the day of its maturity. The holder must present it for payment on that day.
《Genealogies》
Section 1085.
- 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》
Section 1086.
- A bill of exchange payable on demand is payable on the day of its presentation.
《Genealogies》
Section 1087.
- 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》
Section 1088.
- 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》
Section 1089.
- The holder of a bill of exchange cannot refuse part payment, although the bill has been accepted for its full amount.
《Genealogies》
Section 1090.
- In case of part payment, the holder must note it on the bill of exchange and deliver a receipt to the payer.
《Genealogies》
Section 1091.
- If a bill of exchange is not presented for payment on the day of maturity, the acceptor <
can>[may] free himself from his liability by depositing the amount due on the bill.
《Genealogies》
Section 1092.
- [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》
Section 1093.
- 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》
Section 1094.
- Payment of a bill of exchange before the day of maturity is at the risk of the payer.
《Genealogies》
Section 1095.
- 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》
- Draft of 1919: Ob.1053
- Code of January 1925: -
- Code of January 1929: -
Section 1096.
- A payment made by a party to a bill of exchange avails for all parties subsequent to him.
《Genealogies》
- Draft of 1919: Ob.1054
- Code of January 1925: -
- Code of January 1929: -
