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Question
In a joint Hindu family business, all members have equal liability, including the karta.
Options
True
False
MCQ
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Solution
False
Explanation:
In a Joint Hindu Family Business:
- Karta, who is the head of the family, is responsible for everything, and his personal property can be used to pay off business bills.
- All the other coparceners (members) are only responsible for the debts they owed on the ancestral land.
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