Under the Negotiable Instruments Act, may a minor draw, indorse, deliver and negotiate an instrument?
Section 26 NI Act expressly permits a minor to draw, indorse, deliver and negotiate an instrument so as to bind all parties except the minor. It does not make the stated…
Choose your answer
Under the Negotiable Instruments Act, may a minor draw, indorse, deliver and negotiate an instrument?
Answer and explanation
Correct answer D
Section 26 NI Act expressly permits a minor to draw, indorse, deliver and negotiate an instrument so as to bind all parties except the minor. It does not make the stated power depend on the maturity, benefit or mutual-consent qualifications in the other choices. The minor is not personally bound by this statutory exception.
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