The Negotiable Instruments Act, 1881
CHAPTER III: PARTIES TO NOTES, BILLS AND CHEQUES
Section 26: Capacity To Make, Etc, Promissory Notes, Etc
Bare Act
Every person capable of contracting, according to the law to which he is su… Read the complete text with KanoonGPT Pro.
Simplified Act
If you are legally allowed to enter into contracts, you can create obligations for yourself and have obligations created against y… Read the complete text with KanoonGPT Pro.
Explanation using examples
Imagine Sarah, who is above the age of 18 and runs a bakery, issues a cheque to Tom, her flour supplier. Since Sarah is an adult and capable of ent… Read the complete text with KanoonGPT Pro.
