The liability of each member of the Hindu Undivided Family business is:
A. Limited to a sum as declared by him in general public
B. Unlimited
C. Limited to the extent of his share in the business except karta
D. Limited to the extent of his share in the business including that of karta
Answer:C
The liability of each member of the Hindu Undivided Family business is:
A. Limited to a sum as declared by him in general public B. Unlimited C. Limited to the extent of his share in the business except karta D. Limited to the extent of his share in the business including that of karta