Negotiable Instrument

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Term Drawer: A person who draws a bill (Customer) Drawee: : A person on whom it is drawn (Bank) Payee: Person to whom the bill is drawn payable Acceptor: When the drawee accepts a bill (bank).
Characteristics of BOE Unconditional Order In writing Addressed by one person to another Signed by the person giving it To pay on demand or at a fixed or determinable future time A sum certain in money To or to the order of specified person or to bearer
Page 1 and 2: Law of Banking and Security DR. ZUL
Page 3 and 4: Negotiable Instrument Monetary ins
Page 5: Bills of Echange BOE Act 1949: S3
Page 9 and 10: In writing S3 MIA 1967: Printing,
Page 11 and 12: Signature Signature is vital. Lia
Page 13 and 14: To or to the order of specified per
Page 15 and 16: Issuing Cheques Section 2-2 issue
Page 17 and 18: Postdated Cheque It is a valid BOE
Page 19 and 20: Crossing on Cheques Construed as a
Page 21 and 22: Crossing with the Words A/C payee o
Page 23 and 24: Indorsement Section 34(1) Bla
Page 25 and 26: Indorsement
Page 27: Anuar J: a customer need to establi

Negotiable Instrument

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