Question

The capacity to incur liability on a negotiable instrument under Section 26 is generally co-extensive with capacity to do what?

Q: Answer-The capacity to incur liability on a negotiable instrument under Section 26 is generally co-extensiv...

Section 26 of the Negotiable Instruments Act provides that 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 negotiable instrument. Thus, capacity to incur liability on an instrument is generally co-extensive with the capacity to enter into a contract. A minor may draw or endorse an instrument so as to bind other parties but is not personally liable.