Question

The partners enter into partnership through an agreement which may be ________.

• A. Verbal
• B. Written
• C. Implied
• D. Verbal, written or implied

Answer 1

The correct option is D Verbal, written or implied

According to the Partnership Act, 1932 the relation between the partners of a partnership firm can only be created through a mutual agreement between the partners which will be presented in the manner of contract that can be verbal as well as written also which is implied on all the partners. But nowadays written is given more preference due to legal requirements.