Which of the following is not an agreement in restraint of trade? I. 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 II. A sells the goodwill of his business with an agreement not to carry on a similar business within India so long as the buyer 1367 carries on a similar business III. A sells the goodwill of his business with an agreement not to practice the same trade for 25 years Hodi IV. 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

Option A: I, III and IV

Option B: II, III and IV

Option C: III and IV

Option D: I and III

Correct Answer

Option: d

Explanation

Section 27 of Contract Act.

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