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Thursday, November 06, 2008
Practical Problems_Contract Act_89
Ram sells the goodwill of his shop to Shyam for Rs. 4,00,000 and promises not to carry on such business forever and anywhere in India. Is it valid agreement ? Why ?
Yes it is a valid agreement, as Ram can only carry any other business anywhere in India but not the previous one as it would hamper the interest of Shyam
Yes it is a valid agreement, as Ram can only carry any other business anywhere in India but not the previous one as it would hamper the interest of Shyam
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