Question

In HUF business, all the members own the business jointly.

• A. Partly true
• B. True
• C. Partly false
• D. False

Answer 1

The correct option is B True

The HUF form of business all the members of a hindu undivided family own the business jointly. A Hindu family can come together and form a HUF as one person cannot form HUF, it can only be formed by a family, it consists of a common ancestor and all of his lineal descendants, including their wives and unmarried daughters.

Thus the correct answer is B.