Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
What is the basis of membership in a Joint Hindu Family Business?
What is the basis of membership in a Joint Hindu Family Business?
- Marriage
- Seniority
- Inheritance
- Birth in the family (correct)
Who controls and manages a Joint Hindu Family Business?
Who controls and manages a Joint Hindu Family Business?
- Youngest male member
- Minor members
- Karta (eldest male member) (correct)
- Female members
Which of the following is a merit of a Hindu Undivided Family Business (H.U.F)?
Which of the following is a merit of a Hindu Undivided Family Business (H.U.F)?
- Effective control by the Karta (correct)
- Conflicts among members
- Limited capital
- Unlimited liability for all members
What happens to the business in a Joint Hindu Family after the death of the Karta?
What happens to the business in a Joint Hindu Family after the death of the Karta?
Signup and view all the answers
Why is the liability of all coparceners limited in a Joint Hindu Family Business?
Why is the liability of all coparceners limited in a Joint Hindu Family Business?
Signup and view all the answers
