Bills of Exchange Ordinance

(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 drawer, acceptor, or
                    indorser of a bill unless it is competent to it to do so under the law relating
                    to corporations.
(Amended
50 of 1911
;
62 of 1911
Schedule)
(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.
[cf. 1882 c. 61 s. 22 U.K.]