Day: September 17, 2020

In this article we shall examine several key aspects of contracts as provided under the Thai Civil & Commercial Code (the Code or CCC). We shall cover various issues such as offer and acceptance, the effect of contract, earnest and rescission of contract. Offer & Acceptance of a Contract under the CCC To begin with, we shall begin with key principles relating to the offer and acceptance of a contract. The CCC provides that if a party makes an offer to make a contract in which a set period for acceptance is specified, then the offeror cannot withdraw their offer within such period. Furthermore, if a party (offeror) makes an offer to contract with another party at a distance (i.e. not face to face and not over the phone) and such offer does not specify a period for acceptance by […]