The Comparative Study of the Principles of Good Faith in Thai Bill and Philippine Bill

Abstract

          This Article aimed (1) to study measures for enforcing principles of good faith under the law on Thai bills in case of defects of rights or incompleteness of bills. (2) to compare the principles of good faith under the Thai bills law and the Philippine bills law in case of defects in the bills. (3) to suggest guidelines for applying the principles of law on Thai bills in case of defects in the rights of bills to lawful holders under the bills law. The research model is qualitative research. Document-oriented study method Documentary and interviews using data and facts.
          The research results shows that there is a significant difference, namely, the principle of good faith in the law of the bills of Thailand. Is the transferee not aware of the lack of rights or incomplete bills that before or when the transfer of the bills in the only good faith including the principle of good faith in the Philippine bills of exchange is that they are not informed of any deficiencies in the rights or incompleteness of bills while the bills are being transferred. It is because of the Philippine bills have been adopted the principle of notifying the right to the bills in the moment of the transfer of the bills. The lawyer must not be informed of the deficiency or incompleteness of bills in or defects in the rights of the parties to the bills, and the notice of the defect of the right to the lawful must be told before the bill is due to use the money. It shows that. If the lawful Filipino bills I have been told of the defect in the bills. While transferring bills that the law is considered by the law to be dishonest and not considered to be lawful. It is not provided that when the lawful person has been warned of a defect, he is obliged to investigate the defect of the right. It does not open the opportunity for the investigator to find out whether the right to have a defect of true right as it has been announced. Only the lawful person is aware of the suspicion when transferring the bills that there should be a defect in the bill. Without proving that there is a real defect, as has been announced. It is considered that the person is not lawful of the law of Thai bills. There is no obligation to issue a notice to the debtor of the right to the bills in any way and from the above. Thailand's bills of exchange should be used to address the defect of bills in the Philippines. It is a principle that prevents the lawful person from refusing to recognize that the recipient's bills are defective. To confirm that the person who is the lawful, must be the recipient of the transfer of bills in good faith and without dispute about the fault of rights in bills, primarily in the notice of the defect of the bill.