Negotiable Instrument- Cheque

Does a cheque fall under the Negotiable Instrument?

• Yes

• No

Ali is the boss of Syarikat East Asia. Mila works as an employee. So Ali draws a cheque for Mila to get her salary. Ali's bank is Public Bank whereas Mila's Bank is CIMB Bank. In this which bank plays a role as the Drawee?

• CIMB Bank

• Public Bank

What type of cheque is this?

• Uncrossed Cheque

• Account Payee Cheque

• Crossed Cheque

Cheque X is risky because when it gets stolen. anyone can put their name behind the cheque with the account number to get the money from the bank. What is Cheque X?

• Crossed Cheque

• Post Dated Cheque

• Account Payee Cheque

• Open Cheque

S.76 BEA 1949 state that there is how many types of crossing?

• 3

• 4

• 2

• 1

What type of crossing is it?

• General Crossing

• Special Crossing

S81 (A) states that the account payee ___________ be transferable.

• can

• may

• shall not

• should

Can a post-dated cheque be used as a security?

• Yes

• No

• Maybe

Ali draws a cheque. He did not sign it in his original name in that cheque, but he signs it in his trade name, America Company. Even though he signed the cheque in his trade name the cheque is still valid. Which provision in BOE state this?

• S 23 (c)

• S 22

• S 23 (a)

• S 24

Which section protects the paying bank for the forged indorsement?

• S 80

• S 85

• S 61

• S 60