809. How far goodwill is a separate entity.

Goodwill is not a thing which can be separated and dealt with apart from the business out of which it arises1; but it may be dealt with as an entity separate from the particular premises in which that business has been carried on2. Where, however, it is attached to premises and enhances their value, it is inseparable from, and forms part of, the security of the mortgagee of premises unless it is of a character personal to the mortgagor on the terms of the transaction as such or it is shown that only the premises are intended to be