Chapter 3: The Negotiable Instruments Act, 1881
Chapter III: Parties to Notes, Bills, and Cheques Section 26: Capacity to make, etc., promissory notes, etc. This section defines who is legally able to create or sign these instruments. 1. General Capacity: 2. Minor’s Capacity (Protection Clause): 3. Corporation’s Capacity (Empowerment Clause): Section 27: Agency This section governs the signing of instruments through authorized […]