Book3 Title05
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 V. Hire-Purchase.
Section 612.
- [I] [The contract of a hire-purchase is a contract under which the owner of a property lets it out on hire and promises to sell it to the hirer on his making a certain number of payments.]
- [II] [The contract of hire-purchase is void unless made in writing.]
《Genealogies》
Section 613.
- [I] [The hirer may at any time determine the contract by redelivering the property at his own expense to the owner.]
- [II] [Upon such redelivery, the owner shall return one third of the sum paid by the hirer or any other sum as agreed by the parties being not less than one third.]
《Genealogies》
Section 614.
- [I] [The owner may also determine the contract in case of default of two successive payments, or breach of any material part of the contract in which case all previous payments are forfeited to the owner who is entitled to resume possession of the property. ]
- [II] [In case of default of the last payment, such right to forfeit and to resume possession of the property can be exercised only after one month from the default.]
《Genealogies》
