Question

Unlike any other hundi, this hund! is not negotiable and conditional in nature as the drawer promises to pay the amount of the hundi only on the satisfaction of a certain condition.can someone please answer this​

Answer 1

Explanation:

HEY BRO ANSWER IS CORRECT THEN ONLY GIVE ME THE LIKE AND BRAINLIST ANSWER OK

Answer 2

Answer:

Hundi is a negotiable instrument under some conditions.

Explanation:

• A hundi is a negotiable instrument which is drawn in vernacular or oriental language
• the oriental language of hundis are Uria
• Hundis are unconditional instruments in written which is drawn by a person to another person to pay certain sum of money.
• Hundi will be called as a negotiable instrument if both the parties have agreed then it may become a negotiable instruments.

The Negotiable Instrument Act, 1881 came in force in 1 march 1882. It includes

1. Promissory note
2. bills of exchange
3. cheque

therefore, hundi will be considered as an NI if both the parties have agreed then it may become a negotiable instruments.

#SPJ3