Book3 Title01 Chapter01 Part03

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 I. Sale.

Chapter I. Nature and essentials of the contract of Sale.

Section 461.

• [I] A promise of sale is a contract whereby one party agrees to sell or to buy a property, and the other party agrees that he will at his discretion either complete or not complete the sale.
• [II] [บุคคลฝ่ายที่ได้ทำคำมั่นให้นั้น ชื่อว่าเปนผู้ให้คำมั่น และคำมั่นนั้นทำให้แก่ผู้ใด ผู้นั้นชื่อว่าเปนผู้รับคำมั่น]

《Genealogies》

1. Draft of 1919: Ob.396
2. Code of January 1925: -
3. Code of January 1929: -

Section 462.

• If the other party notifies his intention to complete the sale, the promise of sale has the effect of a contract of sale as soon as the notification reaches the first party.

《Genealogies》

1. Draft of 1919: Ob.397
2. Code of January 1925: -
3. Code of January 1929: -

Section 463.

• [I] If no time is fixed for the notification, the party who made the promise can fix a reasonable time and call upon the other party to answer within that time whether he will complete the sale or not.
• [II] If he does not answer within that time, the contract is extinguished.

《Genealogies》

1. Draft of 1919: Ob.398
2. Code of January 1925: -
3. Code of January 1929: -