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When the karta dies, the joint Hindu family business:
AIs sold at once by law
BContinues under the next eldest
CCloses down straight away
DPasses to the government
Answer & Solution
Correct answer: B. Continues under the next eldest
1. The next eldest member steps up.
2. Operations are not terminated.
3. So the business continues.
_Source: NCERT Class 11 Business Studies, Chapter 2, Forms of Business Organisation._
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