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Promise to purchase and promise to sell the land
 
Promise to purchase and promise to sell the land
Promise to purchase and promise to sell the land is stated that on the civil and commercail code are as follow :
Section 456 A sale of immovable property is void unless it is made in writing and registered by the competent official. The same rule applies to ships or vessels of six tons and over, to steam launches or motor boats of five tons and over, to floating houses and to beasts of burden.
An agreement to sell or to buy any of the aforesaid property, or a promise of sale of such property is not enforceable by action unless there be some written evidence signed by the party liable or unless earnest is given, or there is part performance.
The provisions of the foregoing paragraph shall apply to a contract of sale of movable property where the agreed price is five hundred baht or upwards.
Section 457 The costs of a contract of sale are borne by both parties equally.
 
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