{"@context":"https://schema.org/","@type":"Quiz","dateCreated":"2025-04-16T05:55:34.775Z","dateModified":"2025-04-16T05:55:34.775Z","typicalAgeRange":"11-18","educationalLevel":"AP LAWCET","assesses":"Legal Studies - Property Law","educationalAlignment":[{"@type":"AlignmentObject","alignmentType":"educationalTopic","targetName":"Property Law"},{"@type":"AlignmentObject","alignmentType":"educationalSubject","targetName":"Legal Studies"},{"@type":"AlignmentObject","alignmentType":"educationalExam","targetName":"AP LAWCET"}],"name":"Quiz about Property Law","about":{"@type":"Thing","name":"Legal Studies - Property Law"},"hasPart":[{"@type":"Question","eduQuestionType":"Multiple choice","learningResourceType":"Practice problem","educationalLevel":"intermediate","name":"Question About Property Law","text":"Sale of ‘goodwill’ is}","encodingFormat":"text/markdown","comment":{"@type":"Comment","text":"Goodwill is an intangible asset—it can't be touched or seen, but it adds value to a business."},"suggestedAnswer":[{"@type":"Answer","position":0,"encodingFormat":"text/markdown","text":"

Tangible property

","comment":{"@type":"Comment","text":"\"\""}},{"@type":"Answer","position":1,"encodingFormat":"text/markdown","text":"

Intangible property

","comment":{"@type":"Comment","text":"\"\""}},{"@type":"Answer","position":2,"encodingFormat":"text/markdown","text":"

Immovable property

","comment":{"@type":"Comment","text":"\"\""}},{"@type":"Answer","position":3,"encodingFormat":"text/markdown","text":"

None of the above

","comment":{"@type":"Comment","text":"\"\""}}],"acceptedAnswer":{"@type":"Answer","position":1,"encodingFormat":"text/markdown","text":"

Intangible property

","comment":{"@type":"Comment","text":"Goodwill is an intangible asset—it can't be touched or seen, but it adds value to a business."},"answerExplanation":{"@type":"comment","text":"Goodwill refers to the reputation or customer loyalty a business develops over time. It does not have a physical form, and hence, it is classified as intangible property in legal and accounting terms."}}}]}

Sale of ‘goodwill’ is

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The Correct Option is B

Solution and Explanation

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