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The agreement of partnership

This question belongs to Commerce Business And Commerce
Business and Commerce
?

The agreement of partnership _______.

Answer & Solution
Correct Answer: Option C
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.
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2 Comments
Shubham Mishra
Shubham Mishra 8 years ago
correct ans is C because an agreement can be oral or written
Ramesh Chilaka
Ramesh Chilaka 8 years ago
partner ship agreement may be oral or written. But a written agreement succeeds oral ones.

so option should be c
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