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Which of the following is not an agreement in restraint of trade?
1. A sells the goodwill of his business with an agreement not to carry on a similar business within specified local limits, so long as the buyer carries on a similar business.
2. A sells the goodwill of his business with an agreement not to carry on a similar business within India, so long as the buyer carries on a similar business.
3. A sells the goodwill of his business with an agreement not to practice the same trade for 25 years.
4. A sells the goodwill of his business with an agreement not to engage in any business competing or liable to compete in any way with the business for the time being carried on by the buyer.
Directions : Each of the following question consists of a statement followed by two arguments I and II. You have to decide which of the arguments is a STRONG arguments and which is a WEAK Argument. Statement : Should our country extend generous behaviour and goodwill to our erring and nagging neighbours? Arguments : I. Yes. Goodwill always pays dividend. II. No. Our generous behaviour and goodwill will be considered as our weakness.
Directions : Each of the following question consists of a statement followed by two arguments I and II. You have to decide which of the arguments is a STRONG arguments and which is a WEAK Argument.

Statement : Should our country extend generous behaviour and goodwill to our erring and nagging neighbours?

Arguments :
I. Yes. Goodwill always pays dividend.
II. No. Our generous behaviour and goodwill will be considered as our weakness.
A and B are partners sharing profits in the firm in the ratio of 2 : 3. Goodwill appears in the books of firm at Rs. 10,000. C joins the firm for $$\frac{1}{5}$$ share of profits. His share of Goodwill is estimated to be Rs. 15,000. The old partner's account will be credited with Goodwill by
X and Y are partners in the firm. Their profit sharing ratio is 2 : 3. Rs. 10,000 goodwill is appearing in the books. Z becomes new partner in the firm for $${\frac{1}{5}^{{\text{th}}}}$$ share. His share of goodwill is calculated as Rs. 15,000. Amount of goodwill credited to old partners capital account will be
A manufacturing company produces 5 types of chairs in two sizes - Regular" and "Large". The pie charts represent the total number of five types of chairs produced and the table shows the ratio between the number of regular sized and large sized chairs of five types. Type of Chair A B C D E Ration between Number of Regular Size and Large Size Chairs 3 : 2 4 : 5 3 : 1 5 : 3 3 : 8   If the total number of all types of chairs produced is 7200, what is the total number of regular size chairs of all types produced.
Goodwill of a firm of A and B is valued at Rs. 30,000. It is appearing in the books at Rs. 12,000. C is admitted for $${\frac{1}{4}^{{\text{th}}}}$$ share. The amount of goodwill, which he is supposed to bring, will be:
Govind, Hari and Pratap are partners. On the retirement of Govind, the goodwill already appears in the balance sheet at Rs. 24,000. The goodwill will be written off by
A and B are partners sharing profits in the ratio of 2 : 1 They admit C who agrees that his share of goodwill Rs. 15,000 be debited to his capital he is required to bring in. The future profit sharing ratio of A, B and C will be 2 : 3 : 3 respectively.
A's Capital account in lieu of goodwill will be credited by:
A and B are partners in the ratio of 2 : 1. They admit C for $${\frac{1}{4}^{{\text{th}}}}$$ share. C brings Rs. 3,000 for his share of goodwill. The total value of the goodwill of the firm is: