Under the Indian Partnership Act, 1932, goodwill of a firm after dissolution may be sold:
Section 55(1) provides that the goodwill "may be sold either separately or along with other property of the firm". No court order is needed for the sale.
Choose your answer
Under the Indian Partnership Act, 1932, goodwill of a firm after dissolution may be sold:
Answer and explanation
Correct answer C
Section 55(1) provides that the goodwill "may be sold either separately or along with other property of the firm". No court order is needed for the sale.
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