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terrytan

Member Since 2005-08-30
Offline Last Active Yesterday, 22:36
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Topics I've Started

Buying Into An Exisiting Business

2010-09-25 11:46:55

I am interested in buying into an exisiting business and am now going thru its various debts and have found amongst others this,

A person (company employee, not sure if MD or not) who was the authorised cheque signee, used a company cheque to clear a personal debt to a local hospital so that they could leave the hospital unhindered

The person in question has now left Thailand but states that they are responsible for the debt
I do not know if the hospital has presented the cheque for payment yet, but if they were to they would find no money in that account

My question is;

Under Thai law who is responsible for this debt

Thanks

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