91.
Where partners upon or in anticipation of the dissolution of the firm make an agreement that some or all of them will not carry on a business similar to that of the firm within a specified period or within specified local limits, such agreement is:
A:
Valid, its restrictions imposed are reasonable, notwithstanding anything contained in Section 27 of the Indian Contract Act
B:
Void, irrespective of the nature of restrictions imposed on the ground of being an agreement in restraint of trade
C:
Voidable
D:
None of the above
The answer is:
A
