Mercantile laws

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 November 2011 X a seller of imitation jewellery sells his business to Y and promises, not to carry on business in imitation jewellery. The agreement is:

OPTIONS
(a) Fully Void.
(b) Wholly Void.
(c) Valid with regard to imitation jewellery; and void with regard to real jewellery.
(d) Void with regard to imitation jewellery; and valid with regards to real jewellery.

CS Pawan Kumar Baid

CS Pawan Kumar Baid (Expert)
Follow

17 November 2011 Answer is - agreement is valid with regard to imitation jewellery.

As you have specified options, in which option (a) and (b) are similar and reference to real jewellery in option (c) and (d) is irrelevant.

REgards

Online classes for CA CS CMA