Identify the correct statement from the following :

[A] The liability of the Karta is limited

[B] A joint Hindu family business continues to exist on the death of a co-partner.

[C] A joint Hindu family business ceases to exist on the death of the Karta

[D] A joint Hindu family business comes into existence by Hindu law.

Answer & Explanation
Answer: A joint Hindu family business continues to exist on the death of a co-partner.

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