Under the Indian Partnership Act, 1932, after sale of goodwill, a partner may not:
Section 55(2)(b) provides that, subject to agreement with the buyer of goodwill, a partner may not "represent himself as carrying on the business of the firm". He may carry…
Choose your answer
Under the Indian Partnership Act, 1932, after sale of goodwill, a partner may not:
Answer and explanation
Correct answer A
Section 55(2)(b) provides that, subject to agreement with the buyer of goodwill, a partner may not "represent himself as carrying on the business of the firm". He may carry on and advertise a competing business, and nothing stops him from joining a new partnership or dealing with new customers.
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