NEGOTIABLE INSTRUMENT 1. Salman Kan drew a cheque for RM 80 and it was fraudulently altered to RM 800 As the alteration was not apparent, the bank debited RM 800 from Salman Kan's account. Salman Kan demanded the bank to refund him RM 720, the excess amount the bank had debited from his account. However, the bank refused to do so. The bank now seeks your advice as to whether they are protected under the Bills of Exchange Act 1949. Advise the bank. 2. Mrs Wong maintains a current account with Bank Besar Bhd. Unknown to Mrs Wong, her husband, Mr Wong forged Mrs Wong's signature on a cash cheque amounting to RM 10,000. Two months later, Mrs Wong insists that Bank Besar Berhad must credit back her account for the amount of RM 10,000. Mr Wong has disappeared. Advise Bank Besar Berhad as to whether it is liable for the RM 10,000 in the event that Mrs Wong's signature turns out to be really forged. Give reasons for your answer. 3. What protection does the Bills of Exchange Act 1949 give to the collecting banker? 4. What protection does the Bills of Exchange Act 1949 give to the paying banker