Site navigation

Under the Indian Partnership Act, 1932, after sale of goodwill, a partner may not:

Section 55(2)(c) provides that, subject to agreement with the buyer, a partner may not "solicit the custom of persons who were dealing with the firm before its dissolution".…

Choose your answer

Under the Indian Partnership Act, 1932, after sale of goodwill, a partner may not:

Select one answer
Answer and explanation

Correct answer B

Section 55(2)(c) provides that, subject to agreement with the buyer, a partner may not "solicit the custom of persons who were dealing with the firm before its dissolution". He may still compete with the buyer and advertise a similar business of his own.

Practice for these exams

Related exam syllabi

Related questions in this topic