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What is the main disadvantage of JHFB shown in the notes?

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Question

What is the main disadvantage of JHFB shown in the notes?

Options

  • No member limit

  • Unlimited liability for Karta

  • Karta always retires

  • Free legal status

MCQ
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Solution

Unlimited liability for Karta

Explanation:

The Karta's assets are at risk due to unlimited liability.

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