1924th Book3 Title19: Difference between revisions
From Thai Codification Codes of 1925
| Line 11: | Line 11: | ||
====== '''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》''' | ||
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====== '''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》''' | ||
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====== '''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》''' | ||
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====== '''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 43: | Line 52: | ||
====== '''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 50: | Line 61: | ||
====== '''Section 980.''' ====== | ====== '''Section 980.''' ====== | ||
* Either party can at any time determine the contract of current account and have the balance struck. | * Either party <can> {may} at any time determine the contract of current account and have the balance 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 59: | Line 72: | ||
====== '''Section 981.''' ====== | ====== '''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 67: | Line 82: | ||
====== '''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 75: | Line 92: | ||
====== '''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》''' | ||
Revision as of 04:04, 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 <can> {may} at any time determine the contract of current account and have the balance struck.
- 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: -
