1924th Book3 Title01 Chapter04 Part04
From Thai Codification Codes of 1925
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 518.
- A sale by auction is complete when the auctioneer announces its completion by the fall of the hammer or in any other customary manner.
- Thai translation: P.86/29
《Genealogies》
Section 519.
- A buyer at a sale by auction is bound by the clauses of the notice advertising the sale and by any other statements made by the auctioneer before opening the bidding for each particular lot.
- Thai translation: P.86/30
《Genealogies》
Section 520.
- The auctioneer cannot bid at an auction conducted by himself.
- Thai translation: P.86/30
《Genealogies》
Section 521.
- The seller cannot bid or employ any person to bid, unless it be expressly stated in the advertisement of the auction that he has such right.
The seller within the meaning of this section is the person whose property is sold.
- Records of the alterations are still not identified.
- Thai translation: P.86/30
《Genealogies》
Section 522.
- The auctioneer can withdraw property from the auction whenever he thinks that the highest bid is insufficient.
- Thai translation: P.86/30
《Genealogies》
Section 523.
- A bidder ceases to be bound by his bid as soon as a higher bid is made, whatever be the validity of such higher bid, or as soon as the lot is withdrawn from the auction.
- Thai translation: P.86/30
《Genealogies》
Section 524.
- The highest bidder must pay the price in ready money on the completion of the sale, or at the time fixed by the notice advertising the sale.
- Thai translation: P.86/31
《Genealogies》
Section 525.
- If the highest bidder fails to pay the price, the auctioneer shall resell the property. If the nett proceeds of such sale do not cover the price and costs of the original auction, the original bidder is liable for the difference.
- Thai translation: P.86/31
《Genealogies》
Section 526.
- The auctioneer is liable for any part of the proceeds of an auction which remains unpaid owing to his failure to enforce the provisions of Section
459524 or460525.
- Thai translation: P.86/31
《Genealogies》
