Discussion
Ownership of goodwill of a business is :
Answer: C
Ownership of goodwill is incorporeal ownership.
Corporeal ownership is ownership of a material thing that can be touched, such as land or a car. Incorporeal ownership is ownership of a right or an intangible thing, such as a patent, copyright, trademark, debt or the goodwill of a business.
Goodwill is the reputation and customer connection of a business, with no physical existence, so it cannot be corporeal. Limited and beneficial ownership describe how complete the owner's rights are, or who enjoys the benefit, not whether the object is tangible.
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