Section 681
Statutory text (Thai original)
แก้ไขเพิ่มเติมโดยพระราชบัญญัติแก้ไขเพิ่มเติมประมวลกฎหมายแพ่งและพาณิชย์ (ฉบับที่ ๒๐) พ.ศ. ๒๕๕๗ [22]
Verbatim from the Royal Gazette / Office of the Council of State
Firm annotation
Section 681 is part of Book 3 (Specific Contracts) of the Thai Civil and Commercial Code. This entry is awaiting firm-authored commentary; the statutory text above is verbatim from the Office of the Council of State (OCS Krisdika) Thai source, with the English translation from the FAO/UN FAOLEX repository. Always rely on the Thai original for legal proceedings.
Why this matters in practice
Lawyers: Draft suretyship instruments for future or conditional debts with care — the 2014 amendment makes it essential to specify all four elements (purpose, nature, maximum amount, period) or the guarantee will not be enforceable. Blanket guarantees of unlimited future obligations are no longer valid. Laypeople: Before signing as a guarantor, check that the document states clearly what debt you are guaranteeing, how much, and for how long.
Legislative history
Amended by the Civil and Commercial Code Amendment Act (No. 20) B.E. 2557 (2014), which added the requirement that guarantees of future or conditional debts must specify the purpose of the underlying obligation, its nature, the maximum guaranteed amount, and the period of the debt.
Supreme Court decisions interpreting this section
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Supreme Court Judgment No. 5384/2548 (2005)
A guarantee of future obligations is valid where the agreement sufficiently identifies the nature and scope of the obligations to be guaranteed.
A mortgage contract stating that the mortgaged land secured debts already borrowed and those to be borrowed in the future by a member constituted a valid guarantee of future obligations as the necessary elements were sufficiently identified in the agreement.
Curated decisions with case numbers verified against the Supreme Court database. English renderings are the firm's editorial translation for study.