Book3 Title21 Chapter02 Part07 02
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 VII. Acceptance or Payment for Honour.
2. Payment for Honour.
Section 1105.
- [I] A bill of exchange accepted for honour must, on the day of maturity, be presented for payment first to the drawee.
- [II] If the drawee fails to pay it, the holder must, on the day of maturity or on the following day, present it for payment to the acceptor for honour.
- [III] If there is no acceptor for honour or if the acceptor for honour does not pay the holder must, within same period of time, present the bill for payment to the referee in case of need, if any.
《Genealogies》
Section 1106.
- If the acceptor for honour or the referee in case of need fails to pay the fact must be stated in the notice of dishonour.
《Genealogies》
- Draft of 1919: Ob.1075
- Code of January 1925: -
- Code of January 1929: -
Section 1107.
- If the holder fails to proceed as prescribed in sections <
1017>[1124] and <1018>[1125] he loses his right of recourse against the person who has named the referee in case of need, or against the person in whose favour acceptance for honour has been made, and against the parties subsequent to them.
《Genealogies》
Section 1108.
- [I] If the bill of exchange is not paid on presentation, any person, even not a party to it, can pay it.
- [II] The holder cannot refuse such payment. If he refuses, he loses his right of recourse against the party for whom payment was offered and against the subsequent parties.
《Genealogies》
- Draft of 1919: Ob.1077
- Code of January 1925: -
- Code of January 1929: -
Section 1109.
- Payment by an acceptor for honour or by a referee in case of need or by a third person is called payment for honour.
《Genealogies》
- Draft of 1919: Ob.1078
- Code of January 1925: -
- Code of January 1929: -
Section 1110.
- If several persons offer to pay a bill of exchange for honour, the holder must accept that payment which will discharge the greatest number of persons from their obligations.
《Genealogies》
- Draft of 1919: Ob.1079
- Code of January 1925: -
- Code of January 1929: -
Section 1111.
- If a payer for honour who is not a referee in case of need or an acceptor for honour does not name the person for whose honour he pays, such payment is deemed to be made for the honour of the drawee.
《Genealogies》
- Draft of 1919: Ob.1080
- Code of January 1925: -
- Code of January 1929: -
Section 1112.
- The holder must enter the fact of the payment for honour on the Post Office receipt for the protest for non-payment if such protest has been made. The holder must on payment of the sum due and of the expenses for protest deliver to the payer for honour the Post Office receipt and the bill of exchange.
《Genealogies》
- Draft of 1919: Ob.1081
- Code of January 1925: -
- Code of January 1929: -
Section 1113.
- The payer for honour must, within <
two>[three] days after date of payment, notify the payment to the person for whose honour he has paid and send the Post Office receipt for the protest, if any, to him.
《Genealogies》
- Draft of 1919: Ob.1082
- Code of January 1925: -
- Code of January 1929: -
Section 1114.
- The payer for honour is subrogated to the rights which the holder had against the acceptor, the person for whose honour he has paid and the parties prior to such person.
《Genealogies》
- Draft of 1919: Ob.1083
- Code of January 1925: -
- Code of January 1929: -
Section 1115.
- Sections <
1046>[1088], <1047>[1089], <1048>[1090], <1050>[1092], <1052>[1094], <1053>[1095] and <1054>[1096] apply to payment for honour.
《Genealogies》
- Draft of 1919: Ob.1084
- Code of January 1925: -
- Code of January 1929: -
