1924th Book3 Title19: Difference between revisions
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== BOOK III ON SPECIFIC CONTRACTS. (April 1924) == | == BOOK III ON SPECIFIC CONTRACTS. (April 1924) == | ||
* | * The following text of the Draft for the Book III of the "Civil and Commercial Code for the Kingdom of Siam" was reconstructed from the Documents in Vols. [https://digital.library.tu.ac.th/tu_dc/frontend/Info/item/dc:163432 40], [https://digital.library.tu.ac.th/tu_dc/frontend/Info/item/dc:163433 41], [https://digital.library.tu.ac.th/tu_dc/frontend/Info/item/dc:163434 42], [https://digital.library.tu.ac.th/tu_dc/frontend/Info/item/dc:163435 43], [https://digital.library.tu.ac.th/tu_dc/frontend/Info/item/dc:163436 44], [https://digital.library.tu.ac.th/tu_dc/frontend/Info/item/dc:163437 45], [https://digital.library.tu.ac.th/tu_dc/frontend/Info/item/dc:163438 46], [https://digital.library.tu.ac.th/tu_dc/frontend/Info/item/dc:163439 47], [https://digital.library.tu.ac.th/tu_dc/frontend/Info/item/dc:163473 86], [https://digital.library.tu.ac.th/tu_dc/frontend/Info/item/dc:163474 87], [https://digital.library.tu.ac.th/tu_dc/frontend/Info/item/dc:163475 88], and [https://digital.library.tu.ac.th/tu_dc/frontend/Info/item/dc:163476 89] of '''[https://digital.library.tu.ac.th/tu_dc/frontend/Search/index/collection:39 “The Archives of the History of Thai Codification”]'''. | ||
* For the details, please, refer to the "Introductory Notes" to the '''[https://openlegaltextbook.ddns.net/Centennial/Draft1924/Draft1924_all.pdf ''"Reconstructed Book III on Specific Contracts"'']'''. | * For the details, please, refer to the page of [[1924th Introduction|'''"Introduction'''"]] and the "Introductory Notes" to the '''[https://openlegaltextbook.ddns.net/Centennial/Draft1924/Draft1924_all.pdf ''"Reconstructed Book III on Specific Contracts"'']'''. | ||
=== '''TITLE XIX. Current Account.''' === | '''[[1924th_Book3_Title18|← Previous Page]]''' | '''[[1924th_Book3_Title20_Chapter01|Next Page →]]''' | ||
=== '''[[1924th_Main_Page#TITLE_XIX._Current_Account.|TITLE XIX. Current Account.]]''' === | |||
====== '''Section 975.''' ====== | ====== '''Section 975.''' ====== | ||
* A contract of current account is a contract whereby two persons agree that transactions between them shall be entered in a separate account and that from time to time the respective obligations shall be set off and only the difference paid. | * A contract of current account is a contract whereby two persons agree that transactions between them shall be entered in a separate account and that from time to time the respective obligations shall be set off and only the difference paid. | ||
<p align=right><font style='color:darkslategray'>- Thai translation: [https://openlegaltextbook.ddns.net/Codes/archives/vol086/Vol086_P210.pdf P.86/210]</font></p> | |||
'''《Genealogies》''' | '''《Genealogies》''' | ||
| Line 17: | Line 21: | ||
====== '''Section 976.''' ====== | ====== '''Section 976.''' ====== | ||
* The parties can agree to have several current accounts at the same time. | * The parties <font style='color:maroon'><s>can</s> <u>may</u></font> agree to have several current accounts at the same time. | ||
<p align=right><font style='color:darkslategray'>- Collaboration of Dr.James, 4th instalment, September1923, [https://openlegaltextbook.ddns.net/Codes/archives/vol041/Vol041_P110.pdf P.41/110]</font></p> | |||
<p align=right><font style='color:darkslategray'>- Thai translation: [https://openlegaltextbook.ddns.net/Codes/archives/vol086/Vol086_P210.pdf P.86/210]</font></p> | |||
'''《Genealogies》''' | '''《Genealogies》''' | ||
| Line 26: | Line 33: | ||
====== '''Section 977.''' ====== | ====== '''Section 977.''' ====== | ||
* The entry of a bill in a current account is presumed to be made on condition that the bill will be paid. If the bill is not paid, the entry may be cancelled. | * The entry of a bill in a current account is presumed to be made on condition that the bill will be paid. If the bill is not paid, the entry may be cancelled. | ||
<p align=right><font style='color:darkslategray'>- Thai translation: [https://openlegaltextbook.ddns.net/Codes/archives/vol086/Vol086_P210.pdf P.86/210]</font></p> | |||
'''《Genealogies》''' | '''《Genealogies》''' | ||
| Line 34: | Line 43: | ||
====== '''Section 978.''' ====== | ====== '''Section 978.''' ====== | ||
* A surety for a party to a current account guarantees the payment of the difference due by him when the balance is struck. | * A surety for a party to a current account guarantees the payment of the difference due by him when the balance is struck. | ||
<p align=right><font style='color:darkslategray'>- Thai translation: [https://openlegaltextbook.ddns.net/Codes/archives/vol086/Vol086_P212.pdf P.86/212]</font></p> | |||
'''《Genealogies》''' | '''《Genealogies》''' | ||
| Line 42: | Line 53: | ||
====== '''Section 979.''' ====== | ====== '''Section 979.''' ====== | ||
* The balance must be struck at the time agreed by the parties. If no time has been agreed, the balance must be struck at the time fixed by the custom. | * The balance must be struck at the time agreed by the parties. If no time has been agreed, the balance must be struck at the time fixed by the custom. | ||
<p align=right><font style='color:darkslategray'>- Thai translation: [https://openlegaltextbook.ddns.net/Codes/archives/vol086/Vol086_P212.pdf P.86/212]</font></p> | |||
'''《Genealogies》''' | '''《Genealogies》''' | ||
| Line 49: | Line 62: | ||
====== '''Section 980.''' ====== | ====== '''Section 980.''' ====== | ||
* Either party can at any time determine the contract of current account and have the balance struck. | * Either party <font style='color:maroon'><s>can</s> <u>may</u></font> at any time determine the contract of current account and have the balance struck. | ||
<p align=right><font style='color:darkslategray'>- Collaboration of Dr.James, 4th instalment, September 1923, [https://openlegaltextbook.ddns.net/Codes/archives/vol041/Vol041_P110.pdf P.41/110]</font></p> | |||
<p align=right><font style='color:darkslategray'>- also Vol.87, [https://openlegaltextbook.ddns.net/Codes/archives/vol087/Vol087_P023.pdf P.87/23]</font></p> | |||
<p align=right><font style='color:darkslategray'>- Thai translation: [https://openlegaltextbook.ddns.net/Codes/archives/vol086/Vol086_P212.pdf P.86/212]</font></p> | |||
'''《Genealogies》''' | '''《Genealogies》''' | ||
| Line 56: | Line 73: | ||
# Code of January 1929: '''''[[2471th_Sec_0859|859]]''''' | # Code of January 1929: '''''[[2471th_Sec_0859|859]]''''' | ||
'''Section 981.''' | |||
* The contract of current account is extinguished and the balance must be struck when one party dies or becomes incapacitated. | * The contract of current account is extinguished and the balance must be struck when one party dies or becomes incapacitated. | ||
<p align=right><font style='color:darkslategray'>- Thai translation: [https://openlegaltextbook.ddns.net/Codes/archives/vol086/Vol086_P212.pdf P.86/212]</font></p> | |||
'''《Genealogies》''' | '''《Genealogies》''' | ||
| Line 66: | Line 85: | ||
====== '''Section 982.''' ====== | ====== '''Section 982.''' ====== | ||
* The difference, if not paid, bears interest from the day when the balance was struck. | * The difference, if not paid, bears interest from the day when the balance was struck. | ||
<p align=right><font style='color:darkslategray'>- Thai translation: [https://openlegaltextbook.ddns.net/Codes/archives/vol086/Vol086_P212.pdf P.86/212]</font></p> | |||
'''《Genealogies》''' | '''《Genealogies》''' | ||
| Line 74: | Line 95: | ||
====== '''Section 983.''' ====== | ====== '''Section 983.''' ====== | ||
* The obligations, resulting from a current account are extinguished by prescription five years after the balance was struck. | * The obligations, resulting from a current account are extinguished by prescription five years after the balance was struck. | ||
<p align=right><font style='color:darkslategray'>- Thai translation: [https://openlegaltextbook.ddns.net/Codes/archives/vol086/Vol086_P213.pdf P.86/213]</font></p> | |||
'''《Genealogies》''' | '''《Genealogies》''' | ||
Latest revision as of 10:30, 13 October 2026
BOOK III ON SPECIFIC CONTRACTS. (April 1924)
- The following text of the Draft for the Book III of the "Civil and Commercial Code for the Kingdom of Siam" was reconstructed from the Documents in Vols. 40, 41, 42, 43, 44, 45, 46, 47, 86, 87, 88, and 89 of “The Archives of the History of Thai Codification”.
- For the details, please, refer to the page of "Introduction" and the "Introductory Notes" to the "Reconstructed Book III on Specific Contracts".
Section 975.
- A contract of current account is a contract whereby two persons agree that transactions between them shall be entered in a separate account and that from time to time the respective obligations shall be set off and only the difference paid.
- Thai translation: P.86/210
《Genealogies》
Section 976.
- The parties
canmay agree to have several current accounts at the same time.
- Collaboration of Dr.James, 4th instalment, September1923, P.41/110
- Thai translation: P.86/210
《Genealogies》
- Draft of 1919: Ob.917
- Code of January 1925: -
- Code of January 1929: -
Section 977.
- The entry of a bill in a current account is presumed to be made on condition that the bill will be paid. If the bill is not paid, the entry may be cancelled.
- Thai translation: P.86/210
《Genealogies》
Section 978.
- A surety for a party to a current account guarantees the payment of the difference due by him when the balance is struck.
- Thai translation: P.86/212
《Genealogies》
- Draft of 1919: Ob.919
- Code of January 1925: -
- Code of January 1929: -
Section 979.
- The balance must be struck at the time agreed by the parties. If no time has been agreed, the balance must be struck at the time fixed by the custom.
- Thai translation: P.86/212
《Genealogies》
Section 980.
- Either party
canmay at any time determine the contract of current account and have the balance struck.
- Collaboration of Dr.James, 4th instalment, September 1923, P.41/110
- also Vol.87, P.87/23
- Thai translation: P.86/212
《Genealogies》
Section 981.
- The contract of current account is extinguished and the balance must be struck when one party dies or becomes incapacitated.
- Thai translation: P.86/212
《Genealogies》
- Draft of 1919: Ob.922
- Code of January 1925: -
- Code of January 1929: -
Section 982.
- The difference, if not paid, bears interest from the day when the balance was struck.
- Thai translation: P.86/212
《Genealogies》
Section 983.
- The obligations, resulting from a current account are extinguished by prescription five years after the balance was struck.
- Thai translation: P.86/213
《Genealogies》
- Draft of 1919: Ob.924
- Code of January 1925: -
- Code of January 1929: -
