ISBN Publisher. International Law Book Services (ILBS). Year of Publication. Yearly print / cover colour might change. This Act may be cited as the Bills of Exchange Act Interpretation. 2. In this Act, unless the context otherwise requires– “acceptance” means an acceptance. 1) Bil Pertukaran Seksyen 3(1) Akta Bil Pertukaran Satu peritah bertulis tidak bersyarat,ditujukan kepada seseorang ditandatangani oleh orang yang.

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An unindorsed cheque which appears to have been paid by the banker on whom it is drawn is evidence of the receipt by the payee of the sum payable pertuukaran the cheque. Liability of acceptor for honour If he gives notice to his principal, he must do so within the same time as if he pertukxran the holder, and the principal upon receipt of such notice has himself the same time for pertukarqn notice as if the agent had been an independent holder; n where hil party to a bill receives due notice of dishonour he has, after the receipt of such notice, the same period of time for giving alta to antecedent parties that the holder has after the dishonour; o where a notice of dishonour is duly addressed and posted, the sender is deemed to have given due notice of dishonour notwithstanding any miscarriage by the post office.

The acceptor of a bill, by accepting it– a engages that he will pay it according to the tenor of his acceptance; Laws of Malaysia ACT ;ertukaran is precluded from denying to a holder in due course– i the existence of the drawer, the genuineness of his signature, and his capacity and authority to draw the bill; ii in the case of a bill payable to drawer’s order, the then capacity of the drawer to indorse, but not the genuineness or validity of his indorsement; iii in the case of a bill payable to the order of a third person, the existence of the payee and his then capacity to indorse, but not the genuineness or validity of his indorsement.

General and special crossings defined Provided that– a where a person signs a bill in a trade or assumed name, he is liable thereon as if he had signed it in his own name; Pertukraan of Exchange 19 b the signature of the name of a firm is equivalent to the signature by the person so signing of the names of all persons liable as partners in that firm.


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What bills are negotiable 8. Forged or unauthorized signature Capacity and Authority of Parties Capacity of parties Payment in due course Knowingly or negligently facilitating forgery 73A. In any suit or proceeding upon a bill, the court or a judge may order that the loss of the instrument shall not be set up, provided an indemnity be given to the satisfaction of the court or judge against the claims of any other person upon the instrument in question. Bills pertuoaran Exchange 55 3 The Yang di-Pertuan Agong akt by notification in the Gazette prescribe the fees payable on issue of certificates under subsection land may in like manner prescribe the form of such certificates.

Bills of Exchange 23 Conditional indorsement Bill payable at a future time Negotiation of bill Such a debt or liability is deemed valuable consideration whether the bill is payable on demand or at a future time.

Laws of Malaysia ACT 2 An instrument expressed to be payable on a contingency is not a bill, and the happening of the event does not cure the defect. The provisions of this Act relating to crossed cheques shall, so far as applicable, have effect in relation to instruments other than cheques to which section 85 applies as they have effect in relation to cheques.


A bill may also be made payable to the holder of an office for the time being. Bills of Exchange 27 Non-acceptance Computation of time of payment For the purposes of this Act, where a bill or note is required to be protested within a specified time or before some further proceeding is taken, it is sufficient that the bill has been noted for protest before the pertukarsn of the specified time or the taking of the proceeding; and the formal protest may be extended at any time thereafter as of the date of the noting.

When noting equivalent to protest Where a bill does not appear, on the face of it, to be a foreign bill, protest thereof in case of dishonour is unnecessary.

Dividend warrants and banker’s draft may be crossed The provisions of sections 82 to 86 do not make negotiable any instrument which apart from them is not akts.

Indorsement in blank and special indorsement Discharge of Bill Payment in due course 1994 Laws of Malaysia ACT 5 Where any person is under obligation to indorse a bill in a representative capacity, he may indorse the bill in such terms as to negative personal liability. Certainty required as to payee 7. Rights of bankers collecting cheques 149 indorsed by holders Lost Instruments Holder’s right to duplicate of lost bill Protection of bankers collecting payment of cheques, or certain other instruments Crossed Cheques General and special crossings defined Rights of the holder Payment for bip supra protest Negotiation of bill to party already liable thereon In any other case, presentment for payment is not necessary in order to render the maker liable.


Crossing by drawer or after issue Address to drawee 7. If he does not, the holder shall lose the right of recourse against the drawer and indorsers. Accommodation bill or party Dishonour by non-payment Laws of Malaysia ACT 2 Where the banker on whom a cheque is drawn which is so crossed nevertheless pays the same, or pays a cheque crossed generally otherwise than to a banker, or if crossed specially otherwise than to the banker to whom it is crossed, or his agent for collection being a banker, he is liable to the true owner of the cheque for any loss he may sustain owing to the cheque having been so paid: Ante-dating and post-dating The maker of a promissory note by making it– a engages that he will pay it according to its tenor; b is precluded from denying to a holder in due course the existence of the payee and his then capacity to indorse.

Akta Bil Pertukaran 1949 (Disemak – 1978)

Holder’s right to duplicate of lost bill Where a person signs a bill otherwise than as drawer or acceptor, he thereby incurs the liabilities of an indorser to a holder in due course. If the holder do not on demand deliver them up he shall be liable to the payer for honour in damages.

Computation of time The mere signature of the drawee without additional words is sufficient; b it must not express that the drawee will perform his promise by any other means than the payment of money.