Commonwealth Consolidated Acts

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CHEQUES ACT 1986 - SECT 34

Procuration signature

                   Where an agent writes or places a signature by procuration on a cheque:

                     (a)  the signature operates as notice that the agent has only limited authority to sign for the agent's principal; and

                     (b)  the principal is not bound by the signature unless the agent, in signing the cheque, acts within the limits of the agent's actual authority.


 



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