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    Question

    Ownership of goodwill of a business is

    A Corporeal ownership Correct Answer Incorrect Answer
    B Sole ownership Correct Answer Incorrect Answer
    C Beneficial ownership Correct Answer Incorrect Answer
    D Incorporeal ownership Correct Answer Incorrect Answer
    E Contingent ownership Correct Answer Incorrect Answer

    Solution

    The goodwill is something which cannot be seen or touched. But it does exist an can be felt. In case of businesses, the good will is an important part of its growth. It can be referred to an intangible asset for the business. The ownership of the business is incorporeal in nature, as it cannot be seen, touche but can be felt.

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