Bills of Exchange Act, 1964 (Act No. 34 of 1964)

Chapter I

Purchase

(1)	Capacity to incur liability as a party to a bill is coextensive with capacity to contract.

[Sub-section (1) amended by section 2 of Act 57 of 1971.]

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