Question

__________ constitutes as an evidence of agreement.

• A. Oral agreement
• B. Written agreement
• C. Mutual understanding
• D. Similar objectives

Answer 1

Answer: (B)

Written agreement

The written agreement of partnership is called a partnership deed. It is a contract between two or more individuals who decide to manage and operate a business together for profit-making. The deed defines the management roles and once the Partnership deed is completed, all of the Partners will sign and date the deed and keep copies of the deed for their records.

Thus the correct answer is B.