N. S. Toor Solutions for Chapter: Banking Law and Practice, Exercise 24: TEST YOUR SELF

Local Area Bank has opened a current account in the name of a HUF which is operated by Karta. Subsequently, Karta gives a mandate in favor of an employee of the HUF firm to operate the account for a limited amount. Two coparceners of the HUF have sent a notice to the bank not to permit the employee to operate the account as Karta has not consulted them about the appointment:

The liability of a minor or any other coparcener in an HUF, for the acts of a Karta is:

For cheques issued by Karta and his agent, stop payment can be done by any coparcener:

Ravi Kumar and Sons, an HUF, maintain a current account. The Karta of the HUF dies and leaves behind three family members i.e. his wife and two minor sons. How will you deal with the account:

Ram Lal and Sons, an HUF concern, is having current account operated by Karta, who dies:

Who among the following are considered as part of a Hindu Undivided Family:

In an HUF account the Karta goes abroad. In his absence who would operate the account:

Which of the following actions cannot be taken by Karta of Hindu Undivided Family concerning the business?