Question

state the differences between Partnership and Hindu undivided
family.​

Answer 1

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• 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. HUF is a unique form of business existing only in India and is governed by the provisions of the Hindu Law.

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Answer 2

Answer:

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Explanation:

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. HUF is a unique form of business existing only in India and is governed by the provisions of the Hindu Law.

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