Which of the following is NOT covered under the Negotiable instruments Act, 1881?

Promissory note

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Cheque

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Hundis

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Bill of exchange

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Solution

The correct option is D Hundis
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.

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