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Law · Q277

Indian Partnership Act

Graduate and Post Graduate · Law · question 277

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
Answer
B.
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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