Business Studies, asked by raikwarsimmi264, 2 months ago

what do you mean by hundi?

Answers

Answered by Anonymous

Answer:

unconditional order

Technically, a Hundi is an unconditional order in writing made by a person directing another to pay a certain sum of money to a person named in the order. Hundis, being a part of the informal system have no legal status and are not covered under the Negotiable Instruments Act, 1881.

thank you❤

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