In a Hindu joint family business:

CS CSEET · Business Laws and Management · PYQS · October 2026
In a Hindu joint family business:
(A) Firm arises by status, not contract
(B) Death of co-parcener dissolves firm
(C) Every member has implied authority to borrow
(D) Registration is compulsory

Answer & Explanation:

Correct Answer: Option (A)

Correct answer: (A) Firm arises by status, not contract.

Topics: Hindu Law

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