# Bills of Exchange Act 1882, Section 22: Capacity of parties.


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

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Source: https://www.legislation.gov.uk/ukpga/Vict/45-46/61/section/22 (the official version)
Page: https://openlegislation.uk/bills-of-exchange-act-1882/section-22
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.