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Entrepreneurial Planning — Entrepreneurship STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEntrepreneurshipEntrepreneurial Planning3 Marks
Question
Only the Karta has unlimited liability. Explain.
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Answer

Karta takes all the decisions of Hindu Undivided Family. He can make the Hindu Undivided Family liable for his acts. This is the reason, why Karta has unlimited liability. This means his personal property can be used for meeting the financial obligations of Hindu Undivided Family.

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