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Law · Q255

Indian Partnership Act

Graduate and Post Graduate · Law · question 255

Q255

Under section 14 of the Indian Partnership Act, 1932, goodwill of the business is

A.
Property of the firm
Answer
B.
Property of the managing partner
C.
Property of the partner having the highest share in the profits
D.
Property of the partner having the lowest share in the profits

Answer: Option A

Solution

Answer: Option A
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