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Section 23

Signature essential to liability

of Bills of Exchange Act 1949

ActIn forceProvision 23 of 107
Section 23

No person is liable as drawer, indorser, or acceptor of a bill who has not signed it as such:

Provided that—

(a)

where a person signs a bill in a trade or assumed name, he is liable thereon as if he had signed it in his own name;

20 Laws of Malaysia ACT 204

(b)

the signature of the name of a firm is equivalent to the signature by the person so signing of the names of all persons liable as partners in that firm.