Multiple choice

A joint Hindu family business is governed by the principles of Hindu law.

  1. True

  2. False

  3. Partly true

  4. Cannot say

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

A Joint Hindu Family business is indeed governed by Hindu law principles, not by the Indian Partnership Act. This is a distinct business structure recognized under Hindu law, with different rules governing formation, operation, and dissolution compared to partnership firms.