Section 516
Statutory text (Thai original)
ถ้าผู้สู้ราคาสูงสุดละเลยเสียไม่ใช้ราคาไซร้ ท่านให้ผู้ทอดตลาดเอาทรัพย์สินนั้นออกขายอีกซ้ำหนึ่ง ถ้าและได้เงินเป็นจำนวนสุทธิไม่คุ้มราคาและค่าขายทอดตลาดชั้นเดิม ผู้สู้ราคาเดิมคนนั้นต้องรับผิดในส่วนที่ขาด
Verbatim from the Royal Gazette / Office of the Council of State
English translation
If the bidder who offers the highest bidding price does not pay the money, the auctioneer may renew the auction. If the renew bidding price is lower than the previous one, such default bidder must liable for the short.
This English translation is provided for reference only and has not yet been firm-verified. Always rely on the Thai original.
Firm annotation
Section 516 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.
Cited in 28 Supreme Court decisions (1975 to 2021)
Selected citing decisions
- Decision 2262/2564 (2021)
- Decision 2882/2563 (2020)
- Decision 6458/2559 (2016)
- Decision 3591/2559 (2016)
- Decision 6662/2558 (2015)
- Decision 5789/2558 (2015)
- Decision 16477/2557 (2014)
- Decision 9523/2557 (2014)
This list is selected automatically, weighted towards judgments that turn on this section rather than ones that merely recite it when passing sentence. It has not yet been reviewed by the firm.
Most often cited alongside
Sections that appear in the same judgments as this one most often. The figure is the number of decisions.
Counted across the firm's corpus of 83,652 Supreme Court decisions, 1921 to 2026. The count is complete; the stated year range trims rare outliers so it describes where the citations actually sit. These figures are computed by us and are not official court statistics. How we count these, and what we measured
Related guides on ThaiLawOnline
Cite this section
-
Plain citation
Civil and Commercial Code, s. 516 (Thailand) -
Academic citation
Civil and Commercial Code (Thailand), s. 516. ThaiLawOnline, https://www.thailawonline.com/thai-civil-code/section-516/ (accessed 8 August 2026). -
Thai citation
ป.พ.พ. มาตรา 516 -
Permalink
https://www.thailawonline.com/thai-civil-code/section-516/ -
Embed on your site
<blockquote cite="https://www.thailawonline.com/thai-civil-code/section-516/"><p>If the bidder who offers the highest bidding price does not pay the money, the auctioneer may renew the auction. If the renew bidding price is lower than the previous one, such default bidder must liable for the short.</p><footer>Civil and Commercial Code, s. 516 (Thailand) — <a href="https://www.thailawonline.com/thai-civil-code/section-516/">ThaiLawOnline</a></footer></blockquote>
The Thai text is authoritative. The English is an unofficial translation by ThaiLawOnline, free to reuse with attribution.