Question

Choose the correct answers from the alternatives given.
Unless otherwise agreed, a retiring partner can _______.

• A. carry on competing business
• B. use the firms name
• C. represent himself as carrying on firms business
• D. solicit the old customers

Answer 1

The correct option is A carry on competing business

Rights of an outgoing partner to carry on competing business - An outgoing partner may carry on a business competing with that of the firm and he may advertise such business. But subject to contract to the contrary may not

1. Use the firm name,

2. Represents himself as carrying on the business of the firm,

3 Solicit the custom of persons who were dealing with the firm before he ceased to be a partner.