The agreement of partnership _______.
A. Must be oral
B. Must be in writing
C. Can be either oral or in writing
D. Must be in writing on a stamp paper
Answer: Option C
Solution(By Examveda Team)
The partnership is an agreement between two or more persons who decided to do business and share its profits and losses. To have a legal relationship between the partners, the partnership agreement becomes the basis. The agreement can be in written form or oral form. An oral agreement is equally valid.This Question Belongs to Commerce >> Business And Commerce
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correct ans is C because an agreement can be oral or written
partner ship agreement may be oral or written. But a written agreement succeeds oral ones.
so option should be c