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How Is a Pedigree Chart Made?

Membership in...

Question

Membership in Joint Hindu Family business is by ________only.

A

birth

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B

agreement

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C

transfer of shares

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D

election

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Solution

The correct option is A birth
Yes, it is true that membership in Joint Hindu Family business takes place only by birth. Outsider cannot become the member in the firm and also high managerial positions are always headed by the family members or with the persons having blood relations.

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Q. Fill in the blanks:
(a) The membership of a joint Hindu family business is acquired by _______.
(b) The liability of the Karta in a joint Hindu family business is _______.
(c) A member of the joint Hindu family business _______ demand division / of property.
(d) All the members of a joint Hindu family business_________ part in its management.
(e) A member of the joint Hindu family business________ call for account of past profits while leaving the business.

Q. State whether the following statements are True or False:
(a) A joint Hindu family business is the result of a contract between the members of the family.
(b) Every member of a joint Hindu family business is an agent of the firm.
(c) There is no limit on the number of members in a joint Hindu family business.
(d) Female members of a family do not have a share in the joint Hindu family business according to darabhaga
(e) A joint Hindu family business is not dissolved on the death of a member.

Write the names of systems which govern membership in Joint Hindu Family business?

Q. The head of a family in a Joint Hindu Family business is called as ________.

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

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