Law · Hindu Undivided Family (HUF)
Consider the following statements regarding a Hindu Undivided Family (HUF): Statement I: Following the amendment to the Hindu Succession Act in 2005, a daughter is a coparcener by birth and can become the Karta of an HUF if she is the eldest coparcener. Statement II: The Karta has the implied authority to borrow money and pledge HUF assets for family business or 'legal necessity,' binding all members. Statement III: An HUF tax entity can exist with just one coparcener and his dependents (e.g., Karta and his wife). Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1I, II and III✓
- 2Only II and III
- 3Only I and II
- 4Only I
Correct answer
I, II and III
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Law?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Hindu Undivided Family (HUF) MCQs →Want more practice questions on Hindu Undivided Family (HUF)?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Law · Hindu Undivided Family (HUF)