In case of HUF what are liabilities of Co-parcener and Karta _______.
A. Both have unlimited liability.
B. Co-parcener’s liability is limited while Karta’s liability is unlimited.
C. Karta’s liability is limited while Co-parcener’s liability is unlimited.
D. Both have limited liability.
Answer:B
In case of HUF what are liabilities of Co-parcener and Karta _______.
A. Both have unlimited liability. B. Co-parcener’s liability is limited while Karta’s liability is unlimited. C. Karta’s liability is limited while Co-parcener’s liability is unlimited. D. Both have limited liability.