Economics · Bills of Exchange
Which of the following statements is incorrect regarding Hundis?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1These bills are drawn without consideration.
- 2These bills are also called 'kites' or 'windmills'.
- 3In case of dishonour, the drawee cannot file a suit against the drawee.
- 4These bills are evidence of debt because the drawer is the debtor.✓
Correct answer
These bills are evidence of debt because the drawer is the debtor.
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