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Calculating Gaining Ratio

Solve.X sold ...

Question

Solve.
X sold his business including good will to Y for? 500,000 by an agreement The agreement provided that X shall not engage himself in the similar business in the whole of India for the next 10 years. X started the same business in the same city after month. State the legal position.

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Solution

Solution: Section to which the given problem relates: Section 27.
Decision: Y cannot take any legal action against X.
Reason: The agreement between X and Y was in restraint of trade because the limits were unreasonable.

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