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Business Studies

Features and Types of Co-Operative Societies

In case of Hi...

Question

In case of Hindu and Muslim family business, which laws prevail to divide their family properties?

A

Government law

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B

Personal Laws

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C

Legal laws

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D

None of these

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Solution

The correct option is B Personal Laws
The division in family property for Hindu and Muslim family is dealt with under personal religious laws, wherein personal laws of inheritance have different standings under family property division for Hindu, Muslims an Christians. Hindu personal law is governed by Hindu Succession Act 1956 & Muslim Personal Law is governed by Muslim Law (Shariat) of 1937. Hence the correct answer is B.

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