Book3 Title19: Difference between revisions
From Thai Codification Draft of 1924
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Latest revision as of 14:53, 18 January 2025
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 XIX. Current Account.
Section 975.
- A contract of current account is a contract whereby two persons agree that transactions between them shall be entered in a separate account and that from time to time the respective obligations shall be set off and only the difference paid.
《Genealogies》
Section 976.
- The parties can agree to have several current accounts at the same time.
《Genealogies》
- Draft of 1919: Ob.917
- Code of January 1925: -
- Code of January 1929: -
Section 977.
- The entry of a bill in a current account is presumed to be made on condition that the bill will be paid. If the bill is not paid, the entry may be cancelled.
《Genealogies》
Section 978.
- A surety for a party to a current account guarantees the payment of the difference due by him when the balance is struck.
《Genealogies》
- Draft of 1919: Ob.919
- Code of January 1925: -
- Code of January 1929: -
Section 979.
- The balance must be struck at the time agreed by the parties. If no time has been agreed, the balance must be struck at the time fixed by the custom.
《Genealogies》
Section 980.
- Either party can at any time determine the contract of current account and have the balance struck.
《Genealogies》
Section 981.
- The contract of current account is extinguished and the balance must be struck when one party dies or becomes incapacitated.
《Genealogies》
- Draft of 1919: Ob.922
- Code of January 1925: -
- Code of January 1929: -
Section 982.
- The difference, if not paid, bears interest from the day when the balance was struck.
《Genealogies》
Section 983.
- The obligations, resulting from a current account are extinguished by prescription five years after the balance was struck.
《Genealogies》
- Draft of 1919: Ob.924
- Code of January 1925: -
- Code of January 1929: -