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What is Akta Bil Pertukaran 1949 and How to Download It in PDF Format?

What is Akta Bil Pertukaran 1949 and How to Download It in PDF Format?

Akta Bil Pertukaran 1949 (Act 204) is a Malaysian law that regulates bills of exchange, cheques and promissory notes. It is based on the English Bills of Exchange Act 1882 and incorporates some amendments to suit the local context. The act covers various aspects of negotiable instruments, such as their form, interpretation, capacity, authority, consideration, negotiation, duties, liabilities, discharge, acceptance, payment, dishonor and conflict of laws.

If you are interested in learning more about Akta Bil Pertukaran 1949 or need to refer to it for legal purposes, you can download it in PDF format from the following sources:


  • Bills of Exchange Act 1949 (Revised 1978) - CommonLII: This website provides the full text of the act in English with a table of contents and links to other relevant legislation.

  • D.R. 31/2007 - This document contains the latest amendment to the act in Malay that was passed by the Parliament in 2007. It introduces new provisions on presentment of cheque through electronic means and image return document.

  • Akta-bil-pertukaran-1949-pdf - Microsoft Sway: This is a simple presentation that summarizes the main features of the act in Malay with some examples and illustrations.

By downloading Akta Bil Pertukaran 1949 in PDF format, you can easily access it offline, print it out or share it with others. However, please note that the PDF files may not reflect the most current version of the law and may contain errors or omissions. Therefore, you should always consult the official sources or seek professional advice before relying on any information contained in them.

What are the Benefits and Risks of Using Negotiable Instruments?

Negotiable instruments are documents that promise or order the payment of a certain amount of money to a specified person or bearer. They are widely used in commercial transactions as a convenient and secure way of transferring money without involving cash. Some of the benefits of using negotiable instruments are:

  • Liquidity: Negotiable instruments can be easily converted into cash by presenting them to the bank or the payer. They can also be transferred to other parties by endorsement or delivery, thus facilitating trade and commerce.

  • Credit: Negotiable instruments can serve as a source of credit for the drawer or the maker, who can issue them in exchange for goods or services without paying immediately. They can also serve as a proof of creditworthiness for the holder, who can use them as collateral for loans or other transactions.

  • Legal protection: Negotiable instruments are governed by well-established laws and principles that protect the rights and obligations of the parties involved. They also provide evidence of the terms and conditions of the contract and can be used to settle disputes or claims.

However, negotiable instruments also entail some risks, such as:

  • Fraud: Negotiable instruments can be subject to fraud, forgery, alteration, theft or loss, which may affect their validity or value. For example, a dishonest person may create a fake cheque or alter the amount or date of a genuine one. The holder may also be deceived into accepting a worthless or dishonored instrument.

  • Dishonor: Negotiable instruments can be dishonored by non-payment or non-acceptance, which means that the bank or the payer refuses to pay or accept them due to insufficient funds, irregularities, defects or other reasons. This may cause financial loss or damage to the reputation of the holder or the endorser.

  • Limitation: Negotiable instruments have certain limitations on their use and enforceability, such as expiry dates, notice requirements, presentation rules and statutory defenses. The holder or the endorser may lose their rights or remedies if they fail to comply with these conditions or procedures.

Therefore, before using negotiable instruments, it is advisable to understand their features, advantages and disadvantages and to exercise due diligence and caution in handling them. 29c81ba772


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