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 All agreement in restraint of trade are void does not apply to : 
  • a)
    The admission of a new partner
  • b)
    Sale of goodwill 
  • c)
    Both (a) and (b)
  • d)
    None of these 
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
All agreement in restraint of trade are void does not apply to :a)The ...
Sale of goodwill: According to Section 27, One who sells the goodwill of a business may agree with the buyer to refrain from carrying on a similar business, within specified local limits, so long as the buyer or any person deriving title to the goodwill from him, carries on a like business therein. Provided that such limits appear to the court reasonable, regard being had to the nature of the business.
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All agreement in restraint of trade are void does not apply to :a)The admission of a new partnerb)Sale of goodwillc)Both(a) and (b)d)None of theseCorrect answer is option 'B'. Can you explain this answer?
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All agreement in restraint of trade are void does not apply to :a)The admission of a new partnerb)Sale of goodwillc)Both(a) and (b)d)None of theseCorrect answer is option 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about All agreement in restraint of trade are void does not apply to :a)The admission of a new partnerb)Sale of goodwillc)Both(a) and (b)d)None of theseCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for All agreement in restraint of trade are void does not apply to :a)The admission of a new partnerb)Sale of goodwillc)Both(a) and (b)d)None of theseCorrect answer is option 'B'. Can you explain this answer?.
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