Section 856 — Current account (compte courant) — definition

Supreme Court decisions interpreting this section

1. Supreme Court Judgment No. 469/2543 (2000)

   A current account under Section 856 is informal; it may be constituted by express agreement or inferred from the parties' conduct and banking documentation.

   A current account contract under Section 856 requires no particular form and need not be evidenced in writing; it may arise from express agreement or from the conduct of the parties, including the terms of a cheque account application.

   Read the full decision (deka.in.th)

2. Supreme Court Judgment No. 7821/2542 (1999)

   An open-ended overdraft facility is a current account that continues while transactions occur; the balance crystallises into an ordinary debt on final demand or agreed termination.

   An overdraft facility with no fixed end date continued as a current account as long as transactions occurred; it terminated only when the parties agreed to end it or when the bank made a final demand, at which point the balance became an ordinary debt.

   Read the full decision (deka.in.th)

Curated decisions with case numbers verified against the Supreme Court database. English renderings are the firm's editorial translation for study.