Business Studies, asked by krystal55752626, 7 months ago

Different between partnership and hindu undivided family

Answers

Answered by brainly12333
5

Answer:

A partnership comes into existence, by means of a contract between partners, whereas, a joint Hindu family (hereinafter referred to as HUF) arises as a result of status, i.e., by birth in the family. ... The firm is owned by the members of undivided Hindu family, called co-parceners.

Explanation:

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Answered by shreee104
1

Answer:

Under Hindu Law, an HUF is a family which consists of all persons lineally descended from a common ancestor and includes their wives and unmarried daughters. An HUF cannot be created under a contract, it is created automatically in a Hindu

partnership comes into existence, by means of a contract between partners, whereas, a joint Hindu family (hereinafter referred to as HUF) arises as a result of status, i.e., by birth in the family. ... The firm is owned by the members of undivided Hindu family, called co-parceners.

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