Under section 14 of the Partnership Act, 1932 'Goodwill' of the business is:
Section 14 of the Indian Partnership Act, 1932 provides that, subject to contract between the partners, the goodwill of the business is "Property of the Firm".
Choose your answer
Under section 14 of the Partnership Act, 1932 'Goodwill' of the business is:
Answer and explanation
Correct answer A
Section 14 of the Indian Partnership Act, 1932 provides that, subject to contract between the partners, the goodwill of the business is "Property of the Firm".
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