Question

B Question 1:
It is similar to a cheque payable on
order to either to the person whose
name is mentioned in the hundi or
to any person so ordered by him. which hundi is this ?​

Answer 1

Answer:

Furman-jog Hundi - such a hundi can be paid either to the person whose name is mentioned in the hundi or to any person so ordered by him. Such a hundi is similar to a cheque payable on order and no endorsement is required on such a hundi.........

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