Question

The livelity of coparceners is limited in joint Hindu famiy. justify.

Answer 1

Explanation:

The liability of coparceners is limited up to the extent of their share in the Joint Hindu Family Business. The personal property of co-parceners is not used for payment of the liability of the Joint Hindu Family business. Thus, the liability of Co-parceners is limited in 'Joint Hindu Family Business

Answer 2

The Co-parceners have limited liability and therefore cannot take part in the management of the firm. They can only share the profit but cannot challenge decisions taken by the Karta. The liability of coparceners is limited up to the extent of their share in the Joint Hindu Family Business.

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