The Hindu Undivided Family business governed by ______________.
A
Contract law
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B
Hindu law
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C
Muslim law
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D
Company law
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Solution
The correct option is B Hindu law The Hindi Undivided Family business governed by Hindu Law. In a Hindu Undivided Family business only
the male members get a share in the business by virtue of their being
part of the family. A Hindu Undivided Family is an extended family
arrangement prevalent among Hindus of the Indian subcontinent. It came
into existence as per Hindu Inheritance Laws of India.