Question
3 (a). Mr A formed a partnership with his wife Mrs A. Both the husband and wife are Hindus have their separate properties worth Rs
3 (a). Mr A formed a partnership with his wife Mrs A. Both the husband and wife are Hindus have their separate properties worth Rs 75 lakhs and 40 lakh. They have contributed Rupees 30 lakh each towards the partnership.
At the end of the financial year, the firm is discovered to have incurred losses of worth Rs. 1.20 Crore.
(i) What is the legal position of a Hindu Married Woman's property under the law of contract?
(ii) How will the losses be distributed between the husband and wife?
(iii) Can the share of losses of wife be recovered from husband? Give reasons.
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