A partnership agreement can be ________.

written agreement

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oral agreement

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written or oral

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none of these

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Solution

The correct option is A written or oral
According to the provisions of the Indian Partnership Act, 1932, a partnership firm consists of two or more persons. It consists of a partnership agreement or deed which consists of rules and regulations to be carried out by the partners. A partnership agreement can be written or oral.

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Similar questions

A ___ is a written agreement which specifies the terms and conditions that govern the partnership.

Explain why it is considered better to make a partnership agreement in writing.

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