COUNSEL & SOLICITOR:
For the respondent – Lim Kian Leong (Chan Kah Meng); M/s Lim Kian Leong & Co
Court Of Appeal
BANKING: Banks and banking business – Collection of ‘Account payee only’ cheques – Cheques banked in favour of third party – No authorisation by named payee – Respondent bank disregarding endorsement "account payee only", "not negotiable" and cancellation of "or bearer/atau pembawa" in cheques – Whether respondent bank acted recklessly – Peculiar contrary banking practice – Whether an accepted defence
NEGOTIABLE INSTRUMENTS: Cheque – ‘Account payee only’ – Cheques banked in favour of third party – No authorisation by named payee – Whether respondent bank could seek protection under s. 85, Bills of Exchange Act 1949