Book3 Title21 Chapter03
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 III. Promissory Notes.
Section 1140.
- A promissory note is a written instrument by which a person, called the maker, promises to pay a sum of money to, or to the order of, a person, called the payee.
《Genealogies》
Section 1141.
- A promissory note must be dated, signed by the maker, and must contain the following particulars :
- (1) A sum certain in money.
- (2) The name or trade name of the payee.
- (3) An unconditional promise to pay.
- (4) The place where the promissory note is made.
- (5) A day of maturity.
《Genealogies》
Section 1142.
- If the maker does not state in the promissory note a place of payment, the place where it is made is the place of payment.
《Genealogies》
Section 1143.
- The following provisions of Chapter II concerning bills of exchange apply mutatis mutandis to promissory notes :
- Sections <
966>[1036] to <969>[1039], <972>[1042], <974>[1044] to <977>[1046] concerning the drawing of a bill of exchange. - Sections <
978>[1047], <980>[1049], <981>[1050] concerning the effects of a bill of exchange. - Sections <
982>[1051] to <988>[1057], <990>[1059] to <996>[1065] concerning transfer and indorsement. - Sections <
1036>[1078] to <1041>[1083] concerning suretyship. - Sections <
1042>[1084] to <1054>[1096] concerning payment. - Sections <
1055>[1108] to <1073>[1115] concerning the right of recourse in case of non-payment. - Sections <
1077>[1116] to <1084>[1134] concerning payment for honour.
《Genealogies》
Section 1144.
- [I] The holder of a promissory note payable at the end of a period after sight must present it to the maker within one year from its date, or, if the maker has specified a shorter time in the promissory note, within such time.
- [II] If the holder fails to present the promissory note within the above mentioned time, he loses his right of recourse against the prior indorsers.
《Genealogies》
- Draft of 1919: Ob.1094
- Code of January 1925: -
- Code of January 1929: -
Section 1145.
- The maker must note on the promissory note the date of presentation and sign it.
《Genealogies》
- Draft of 1919: Ob.1095
- Code of January 1925: -
- Code of January 1929: -
Section 1146.
- [I] If the maker merely puts his signature on the promissory note, the promissory note is deemed to have been duly presented to him and any person can fill up the date.
- [II] If there is no date, the last day of the time fixed by section <
1094>[1144] is deemed to be the day of presentation.
《Genealogies》
- Draft of 1919: Ob.1096
- Code of January 1925: -
- Code of January 1929: -
Section 1147.
- If the maker does not on presentation sign the promissory note as provided by section <
1095>[1145], the holder and the indorsers have a right of recourse against the prior parties, provided that they comply with the provision of sections <1011>[1118] to <1027>[1134] concerning bills of exchange, mutatis mutandis.
《Genealogies》
- Draft of 1919: Ob.1097
- Code of January 1925: -
- Code of January 1929: -
Section 1148.
- If the holder fails to have a protest made, he loses his right of recourse against all prior parties except the maker.
《Genealogies》
- Draft of 1919: Ob.1098
- Code of January 1925: -
- Code of January 1929: -
