The Negotiable Instruments Act

Capacity to make, etc., promissory notes, etc

Agency

Liability of agent signing

Liability of legal representative signing

Liability of drawer

Liability of drawee of cheque

Liability of maker of note and acceptor of bill

Only drawee can be acceptor except in need or for honour

Acceptance by several drawees not partners

Liability of indorser

Liability of prior parties to holder in due course

Maker, drawer and acceptor principals

Prior party a principal in respect of each subsequent party

Suretyship

Discharge of indorser's liability

Acceptor bound, although, indorsement forged

Acceptance of bill drawn in fictitious name

Negotiable instrument made, etc., without consideration

Partial absence or failure of money-consideration

Partial failure of consideration not consisting of money

Holder's right to duplicate of lost bill


PARTIES TO NOTES, BILLS AND CHEQUES 


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.


LAWGIST

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