Which of these is/are point of difference between a partnership firm and a Hindu Undivided Family.

Right to manage business

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Mode of creation

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Manner of dissolution

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All the three

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Solution

The correct option is D All the three
Partnership Firm

Tow or more person come together for some business activity and agree to share profit and loss is called partnership firm. Partnership firm emerge out of contact between two persons.

Hindu Undivided Family

HUF conducts business inherited as per Hindu law, called Hindu undivided family. HUF firm created by the operation of Hindu law.
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