NIA 26 — Capacity to make, etc., promissory notes, etc

Negotiable Instruments Act, 1881

Statutory text

Every person capable of contracting, according
to  the  law  to  which  he  is  subject,  may  bind  himself  and  be  bound  by  the  making,  drawing, acceptance, indorsement, delivery and negotiation of a promissory note, bill of exchange or cheque.
Minor.—A minor may draw, indorse, deliver and negotiate such instrument so as to bind all parties except himself.
Nothing herein contained shall be deemed to empower a corporation to make, indorse or accept such instruments except in cases in which, under the law for the time being in force, they are so empowered.

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