Different between partnership and hindu undivided family
Answers
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:
plz mark me as brainliest
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.