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BILLS OF EXCHANGE ACT 1882 - SECT 22

22.(1) Capacity to incur liability as a party to a bill is co-extensive with
capacity to contract.

Provided that nothing in this section shall enable a corporation to make
itself liable as a drawer, acceptor, or indorser of a bill unless it is
competent to it so to do under the law for the time being in force relating to
corporations.

(2) Where a bill is drawn or indorsed by an infant, minor, or corporation
having no capacity or power to incur liability on a bill, the drawing or
indorsement entitles the holder to receive payment of the bill, and to enforce
it against any other party thereto.

© 1882 Crown Copyright

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