Raman with members of his extended family established a Joint Hindu Family business of Handicrafts. Raman being the head of family controlled the business as ‘Karta’. He had authority to take all decisions for the business. Many times, he sold goods for cash without informing other members of the family business. This resulted in lesser profits. He also sold one of the family properties and gave money to his daughter as a wedding gift. What values did Karta ignore in the above case?
