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Question

Select the proper option from the options given below and rewrite the sentence:
The Karta in a Joint Hindu family business has________ liability.

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Solution

Answer - unlimited liability
The joint Hindu family business is controlled by the head of the family who is the eldest member and is called Karta.
The karta has unlimited liability while the liability of all other members is limited to their share of co-parcenery property of the business.

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