DocumentCode :
2971814
Title :
Notice of Retraction
Countermand of cheque: Legal and practical analysis
Author :
Jamil, Suraya ; Ismail, Zulhabri
Author_Institution :
Faculty of Accountancy, Universiti Teknologi Mara
fYear :
2012
fDate :
24-27 June 2012
Firstpage :
1261
Lastpage :
1266
Abstract :
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.
Keywords :
Banking; Business; Computers; Facsimile; Instruments; Law; Countermand; banker; cheque; customer;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Humanities, Science and Engineering Research (SHUSER), 2012 IEEE Symposium on
Conference_Location :
Kuala Lumpur
Print_ISBN :
978-1-4673-1311-7
Type :
conf
DOI :
10.1109/SHUSER.2012.6268807
Filename :
6268807
Link To Document :
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