2471th Sec 0469

From Thai Codification Codes of 1925

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มาตรา 469
  • ถ้าผู้ซื้อล้มละลายก่อนส่งมอบทรัพย์สินก็ดี หรือผู้ซื้อเป็นคนล้มละลายแล้วในเวลาซื้อขายโดยผู้ขายไม่รู้ก็ดี หรือผู้ซื้อกระทำให้หลักทรัพย์ที่ให้ไว้เพื่อประกันการใช้เงินนั้นเสื่อมเสีย หรือลดน้อยลงก็ดี ถึงแม้ในสัญญาจะมีกำหนดเงื่อนเวลาให้ใช้ราคา ผู้ขายก็ชอบที่จะยึดหน่วงทรัพย์สินซึ่งขายไว้ได้ เว้นแต่ผู้ซื้อจะหาประกันที่สมควรให้ได้

Section 469. (Draft in English from Vol.93)

  • Even though there is a time clause for payment, if the buyer becomes bankrupt before delivery, or was bankrupt at the time of sale without the knowledge of the seller, or impairs or reduces security given for payment, the seller is entitled to retain the property sold, unless the buyer gives proper security.
《Genealogies》
  1. Draft of 1919: Ob.404, Ob.405
  2. Draft of April 1924: 469, 470
  3. Book III of January 1925: 469
《References》

☆ quoted from “INDEX” with supplementary entries in […]

  1. Fr. Code (1804): * 1613
  2. Gr. Code (1896):
  3. Swiss Code (1911):
  4. Jp. Code (1896):
  5. English Law : [Sale of Goods Act 41(1)(c)]
  6. Miscellaneous:
《Comments》

The most plausible model for this section would be:

  • French Civil Code (1804), Art.1613:
    • Further he shall not be obliged to delivery, although he may have allowed an interval of payment, if, subsequently to the sale, the purchaser has become bankrupt, or be in a state of embarrassment, in such sort that the seller finds himself in imminent peril of losing the price; unless the purchaser give him security to pay at the end of the term.

Another source would be:

  • Sale of Goods Act (1893), Sec. 41:
    • (1) Subject to the proyisions of this Act, the unpaid seller of goods who is in possession of them is entitled to retain possession of them until payment or tender of the price in the following cases, namely:
      • (a) Where the goods have been sold without any stipulation as to credit;
      • (b) Where the goods have been sold on credit, but the term of credit has expired;
      • (c) Where the buyer becomes insolvent.
    • (2) The seller may exercise his right of lien notwithstanding that he is in possession of the goods as agent or bailee [or custodier] for the buyer.