Question

The partners enter into partnership through an agreement which may be ________.
(I) Verbal
(II) Written
(III) Implied

• A. (II) only
• B. (I) or (II)
• C. (II) or (III)
• D. (I) or (II) or (III)

Answer 1

The correct option is D (I) or (II) or (III)

When a partnership frim is incorporated the first thing is done that an agreement between the partners is created. This agreement or deed can eiter be written, verbal and implied. Implied deed is the one that is decided earlier but used only at the time of emergency situations. The best is the written deed because it is a written proof at time of riots between partners.