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Tamil Nadu Board of Secondary EducationHSC Commerce Class 11

Explain the nature of liability of Karta. - Commerce

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Question

Explain the nature of liability of Karta.

Short/Brief Note
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Solution

Karta is not only liable to the extent of his share in the business but his separate property is equally attachable and the amount of debt can be recovered from his personal property.

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Chapter 5: Hindu Undivided Family and Partnership - Exercises [Page 45]

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Samacheer Kalvi Commerce [English] Class 11 TN Board
Chapter 5 Hindu Undivided Family and Partnership
Exercises | Q III. 3. | Page 45
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