law: Negotiable Instruments Act, 1881 
  26. Capacity to make, etc., promissory notes, etc. 
  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 promissory note, bill of
  
  exchange or cheque.
  Minor: A minor may draw, endorse, deliver and negotiate such
  
  instruments so as to bind all parties except himself.
  Nothing herein contained shall be deemed to empower a
  
  corporation to make, endorse or accept such instruments except in cases in
  
  which, under the law for the time being in force, they are so empowered.