Under the Indian Partnership Act, 1932, members of a Hindu Undivided Family carrying on a family…
Section 5 illustrates that members of a Hindu undivided family carrying on a family business as such are not partners in that business merely by reason of that status, since…
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Under the Indian Partnership Act, 1932, members of a Hindu Undivided Family carrying on a family business as such are:
Answer and explanation
Correct answer B
Section 5 illustrates that members of a Hindu undivided family carrying on a family business as such are not partners in that business merely by reason of that status, since partnership requires an actual contract.
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