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Section 26 – The Negotiable Instruments Act, 1881

The Negotiable Instruments Act, 1881

 

26. Capacity to make, etc. , promissory notes, etc.-

 

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, endorsement, delivery and negotiation of a promissory note, bill of exchange or cheque.

 

Minor.- A minor may draw, indorse, deliver and negotiate such instruments to 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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The Negotiable Instruments Act, 1881

 

Indian Laws – Bare Acts

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