A Hindu undivided family is entitled to enter into an agreement of partnership with
Verified Answer
A. Another partnership firm
B. An Individual
C. Another joint Hindu family
D. Neither (A) nor (C)
Explanation:
A Hindu Undivided Family (HUF), through its Karta, can enter into a partnership with an individual, another partnership firm, or another joint Hindu family. Therefore, options (A), (B), and (C) are all factually correct. Option (D) is incorrect as a HUF can partner with both a firm and another HUF. Given the options, and assuming a single best answer is expected, (B) represents a fundamental type of partner. This question is ambiguous due to multiple correct options.