Question

A partnership deed is a _________________.

• A. involuntary association
• B. voluntary association
• C. beneficiary association
• D. unavoidable association

Answer 1

The correct option is B voluntary association

A partnership deed is a voluntary association which arises out of an agreement, aPartnership Agreement is a contract between two or more individuals who decide to manage and operate a business together for profit-making. The Agreement defines the management roles and once the Partnership Agreement is completed, all of the Partners will sign and date the Agreement and keep copies of the Agreement for their records.

Thus the correct answer is B.