Goodwill of a partnership business is the property of the partnership:
Section 14 expressly includes the goodwill of the business in the property of the firm, subject to contract between the partners. Section 13 deals with mutual rights and…
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Goodwill of a partnership business is the property of the partnership:
Answer and explanation
Correct answer A
Section 14 expressly includes the goodwill of the business in the property of the firm, subject to contract between the partners. Section 13 deals with mutual rights and liabilities; section 12 with conduct of business; section 11 with determination of rights and duties by contract.
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