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Business Studies

Statutory Corporations and Its Features

In a Hindu Un...

Question

In a Hindu Undivided Family, whose liability is unlimited?

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Solution

In a Hindu Undivided Family, the karta has unlimited liability.

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The karta in Joint Hindu family business has

(a) Limited liability

(b) Unlimited liability

(c) No liability for debts

(d) Joint liability

Q. In Hindu Undivided Family (HUF) from of business all the members of a Hindu undivided family own the business _______________.

Q. The Hindu Undivided Family business is governed by ____________.

Q. Hindu Undivided family is formed or created in accordance with the __________.

Q. The Hindu Undivided Family business governed by ______________.

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