Question

Select the proper option from the options given below and rewrite the completed sentences.

The members of Hindu Undivided family business are called ________
(a) Karta
(b) partners
(c) co-parceners

Answer 1

Correct option- c
The members of Hindu Undivided family business are called co-parceners.
Explanation:
Co-parceners refer to the members or the common ownership of the ancestral property. In other words, the members of a Hindu undivided family business enjoy common ownership in the ancestral property; therefore, they are called co-parceners.