Q277
After selling the goodwill of the firm under section 55(2) of the Indian Partnership Act, 1932, a partner
A.
Can carry on a business competing with that of the buyer
AnswerB.
Cannot carry on a business competing with that of a buyer
C.
Can use the firm name
D.
Either (A) or (C)
Answer: Option A
Solution
Answer: Option A
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