Notice of RetractionCountermand of cheque: Legal and practical analysis

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

Cheques are one type of negotiable instruments mainly used in commercial transactions. It is mandatory upon the customers and bankers to fully recognize what are their respective rights and duties when countermanded and receiving instruction for the countermand of cheque. The aim of the paper is to highlight the legal and practical issues of countermand of cheque on the part of bankers and customer. This paper analyzes legislation of countermand of cheque and the practical issues by analyzing reported cases and judicial judgments. The paper discussed the statutory rights of customer under the Bill of Exchange Act 1949, forms of countermand and the underlying legal issues. The second part of the paper identified practical issues faced by bankers and customer in adhering to the legal requirements. This paper concludes that customers and the bankers must fully appreciate what are their respective rights and duties when countermanding and receiving instructions for the countermand of cheques.