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Partnership Act S.54 AGREEMENTS IN RESTRAINT OF TRADE. Partners may, upon or in anticipation of the dissolution of the firm, make an agreement that some or all of them will not carry on a business similar to that of the firm within a specified period or within specified local limits and notwithstanding anything contained in section 27, of the Indian Contract Act, 1872, such agreement shall be valid if the restrictions imposed are reasonable.
If a sum of money is to be divided among A, B, C such that A’s share is equal to thrice B’s share and B’s share is 5 times C’s share then their ...
Aarav and Bhumi entered into a partnership with Rs. 40,000 and Rs. 50,000 for 9 and 7 months, respectively. Bhumi used her entire profit to buy gold, wh...
A and B entered into a business investing their capital in the ratio of 14:25, respectively and the respective ratio of time for which they made their i...
A starts business with Rs.10000 and after 5 months, B joins with A as his partner. After a year, the profit divided in the 5:7. What is B’s contribut...
Anil and Sunil together start a business with investment of Rs. 1500 and Rs. ‘x + 1300’, respectively. If the profit earned after 5 years is...
P started a business investing Rs.12000. After 3 months, Q joined her with the capital of Rs.18000. After another 6 months, R joined them with the capit...
P and Q started a business by investing Rs. 10,000 and Rs. 15,000 respectively. p also worked as the active manager and for that he is entitled to recei...
Three partners ‘A’, ‘B’ and ‘C’ started a business by investing in the ratio 3:4:2 respectively and the ratio of time for which they made th...
A, B and C started a business with initial investments in the ratio 3:4:8, respectively. After one year A, B and C made additional investments equal to ...
If the ratio of time periods of investment of A and B is 2:5, profit at the end of the year is Rs.100000 and A’s share in it is Rs.20000, then what is...
