1924th Book3 Title19: Difference between revisions
From Thai Codification Codes of 1925
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====== '''Section 980.''' ====== | ====== '''Section 980.''' ====== | ||
* Either party <can> | * 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> | <p align=right><font style='color:darkslategray'>- Thai translation: [https://openlegaltextbook.ddns.net/Codes/archives/vol086/Vol086_P212.pdf P.86/212]</font></p> | ||
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# 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. | ||
Revision as of 06:18, 10 October 2026
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".
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: -
