Book3 Title21 Chapter02 Part04

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.

Section 1066.

• The holder of a bill of exchange is entitled to present it at any time for acceptance to the drawee, unless there be a clause in the bill forbidding presentation for acceptance.

《Genealogies》

1. Draft of 1919: Ob.997
2. Code of January 1925: 927
3. Code of January 1929: 927

Section 1067.

• [I] The holder of a bill of exchange payable at the end of a period after sight must present it for acceptance within one year from its date, or, if the drawer has specified a shorter time, within such time.
• [II] If the holder fails to present the bill for acceptance within the above mentioned period, he loses his rights under the bill against the prior indorsers.

《Genealogies》

1. Draft of 1919: Ob.998
2. Code of January 1925: 928
3. Code of January 1929: 928

Section 1068.

• If the drawee does not refuse to accept the bill of exchange on presentation, he is allowed till midday on the following day, to seek out the holder and accept it.

《Genealogies》

1. Draft of 1919: Ob.999
2. Code of January 1925: 929
3. Code of January 1929: 929

Section 1069.

• Acceptance is made by a declaration of acceptance written on the bill of exchange with the signature of the drawee.

《Genealogies》

1. Draft of 1919: Ob.1000
2. Code of January 1925: 931
3. Code of January 1929: 931

Section 1070.

• If the drawee merely puts his signature on the bill of exchange, he is deemed to have accepted it.

《Genealogies》

1. Draft of 1919: Ob.1001
2. Code of January 1925: 931
3. Code of January 1929: 931

Section 1071.

• If the bill of exchange is payable at the end of a period after sight, the acceptance must be dated.

《Genealogies》

1. Draft of 1919: Ob.1002
2. Code of January 1925: 932
3. Code of January 1929: 932

Section 1072.

• If the drawee omits to date his acceptance, any person can date it.

《Genealogies》

1. Draft of 1919: Ob.1003
2. Code of January 1925: 932
3. Code of January 1929: 932

Section 1073.

• If the acceptance is not dated, the last day of the period fixed for acceptance is deemed to be the day of acceptance.

《Genealogies》

1. Draft of 1919: Ob.1004
2. Code of January 1925: 933
3. Code of January 1929: 933

Section 1074.

• The drawee cannot cancel his acceptance.

《Genealogies》

1. Draft of 1919: Ob.1005
2. Code of January 1925: 934
3. Code of January 1929: 934

Section 1075.

• The drawee may limit his acceptance to a part of the sum payable.

《Genealogies》

1. Draft of 1919: Ob.1006
2. Code of January 1925: 935
3. Code of January 1929: 935

Section 1076.

• If the drawee subjects his acceptance to <any other limitation than to part of the sum payable>[เปนอย่างอื่นนอกจากที่บัญญัติไว้ในมาตรา 1075 นั้น], acceptance is deemed to be refused.

《Genealogies》

1. Draft of 1919: Ob.1007
2. Code of January 1925: 936
3. Code of January 1929: 936

Section 1077.

• By acceptance the drawee becomes bound to pay the amount accepted on the day of maturity of the bill of exchange.

《Genealogies》

1. Draft of 1919: Ob.1008
2. Code of January 1925: 937
3. Code of January 1929: 937