Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Ram sells the goodwill of his shop to Shyam for $400000 and promises not to carry on such business forever and anywhere in Canada. Is

Ram sells the goodwill of his shop to Shyam for $400000 and promises not to carry on such business forever and anywhere in Canada. Is the agreement valid or void? Why?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Smith and Robersons Business Law

Authors: Richard A. Mann, Barry S. Roberts

16th edition

978-1285428253, 1285428250, 978-1305176614, 1305176618, 978-0357700310, 978-0538473637

More Books

Students also viewed these Law questions

Question

How do benefit segments differ from usage segments?

Answered: 1 week ago

Question

explain how psychosocial risks can be prevented or managed;

Answered: 1 week ago

Question

1 0 8 6 .

Answered: 1 week ago