Upon dissolution of a partnership the goodwill of firm
Verified Answer
A. Can't be sold to anyone
B. Has to be sold to all the partners pro-rata
C. Can be retained only by the partner with largest percentage
D. Be included in assets and sold either separately or along with other properties of the firm
Explanation:
Section 55 of the Indian Partnership Act, 1932, provides that upon dissolution of a firm, the goodwill shall be included in the assets and may be sold either separately or along with other property of the firm.