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Law · Q150

Indian Partnership Act

Graduate and Post Graduate · Law · question 150

Q150

The Goodwill of a firm is stated to be an asset of the firm, in the Indian Partnership Act, 1932, under

A.
Section 54 of the Act
B.
Section 55(1) of the Act
Answer
C.
Section 55(2) of the Act
D.
Section 55(3) of the Act

Answer: Option B

Solution

Answer: Option B
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