1924th Book3 Title21 Chapter02 Part03
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 1051.
- A bill of exchange issued to a named payee may be transferred by indorsement unless the drawer of the bill has inserted in it a clause forbidding indorsement.
- Thai translation: P.86/239
《Genealogies》
- Draft of 1919: Ob.982
- Code of January 1925: 917(II)(III)
- Code of January 1929: 917(II)(III)
Section 1052.
- A bill of exchange payable to bearer is transferred by mere delivery. It may be also transferred by indorsement.
- Thai translation: P.86/239
《Genealogies》
Section 1053.
- Any person, even if drawer, acceptor or prior indorser, who acquires a bill of exchange by indorsement, may again transfer it by indorsement.
- Thai translation: P.86/239
《Genealogies》
Section 1054.
- An indorsement is made by writing the name or trade name of the indorsee on the bill of exchange, with the signature of the indorser.
- Thai translation: P.86/241
《Genealogies》
- Draft of 1919: Ob.985
- Code of January 1925: -
- Code of January 1929: -
Section 1055.
- An indorsement may also be made by the mere signature of the indorser on the back of the bill of exchange. Such indorsement is called blank indorsement.
- Thai translation: P.86/241
《Genealogies》
Section 1056.
- [I] A bill of exchange bearing a blank indorsement may be transferred by mere delivery.
- [II] Any holder of a bill bearing a blank indorsement
canmay fill up the indorsement.
- Collaboration of Dr.James, 4th instalment, September 1923, P.41/113
- Thai translation: P.86/241
《Genealogies》
Section 1057.
- When a bill of exchange payable to bearer has been transferred by indorsement, the bill ceases to be payable to bearer until it is indorsed to bearer or indorsed in blank.
- Thai translation: P.86/241
《Genealogies》
Section 1058.
- An indorser may, in indorsing the bill of exchange, insert the name of a referee in case of need at the place of payment.
- Collaboration of Dr.James, 4th instalment, September 1923, P.41/113
- Thai translation: P.86/243
《Genealogies》
- Draft of 1919: Ob.989
- Code of January 1925: -
- Code of January 1929: -
Section 1059.
- Indorsement must be for the whole amount of the bill of exchange. A partial indorsement is void.
- Thai translation: P.86/243
《Genealogies》
Section 1060.
- The indorser of a bill of exchange engages that it shall be accepted and paid according to its tenor and that, if it be dishonoured by non-acceptance or non-payment, he will pay it to the holder or to a subsequent indorser who has been compelled to pay it, provided that the requisite proceeding on non-acceptance or non-payment
behas been duly taken.
- Collaboration of Dr.James, 4th instalment, September 1923, P.41/113
- Thai translation: P.86/243
《Genealogies》
- Draft of 1919: Ob.991
- Code of January 1925: -
- Code of January 1929: -
Section 1061.
- An indorser may, in indorsing the bill of exchange, specify that he assumes no liability or only a limited liability under the bill.
- Thai translation: P.86/243
《Genealogies》
- Draft of 1919: Ob.992
- Code of January 1925: -
- Code of January 1929: -
Section 1062.
- If an indorser specifies that he forbids further indorsements, he incurs no liability under the bill of exchange to subsequent indorsers.
- Thai translation: P.86/245
《Genealogies》
Section 1063.
- If the holder of a bill of exchange indorses it after the time for protest for non-acceptance or non-payment has elapsed, the indorsee acquires only the rights of his indorser.
- Thai translation: P.86/245
《Genealogies》
Section 1064.
- A holder
canmay by indorsement pledge the bill of exchange or give an authority to another person to collect it. The purpose of such indorsement must be stated on the bill.
- Collaboration of Dr.James, 4th instalment, September 1923, P.41/113
- Thai translation: P.86/245
《Genealogies》
Section 1065.
- Whenever a bill of exchange has been indorsed for pledge or collection, the indorsee may
cannot indorse it, except for the same purposes of such pledge or collection.
- Collaboration of Dr.James, 4th instalment, September 1923, P.41/113
- Thai translation: P.86/245
《Genealogies》
