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Business Studies

Features and Types of Co-Operative Societies

The Hindu Und...

Question

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.

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