Distinguish between a Joint Hindu family business and partnership.
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Answer: I suppose ur 10th too
Explanation: IN Simple Terms ,
1. Minor - A minor cannot become a partner in a firm, he can be admitted only for the benefits whereas a person becomes a coparcener right from his birth.
2. Dissolution - In the absence of any agreement to the contrary, partnership is dissolved on the death of any partner whereas joint Hindu family continues to operate even after the death of a coparcener.
3. Governing Law - A partnership is governed by the provisions of the Indian Partnership Act, 1932 whereas a joint Hindu family business is governed by Hindu law.
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