Question

The written agreement to enter into a partnership is known as _______.

• A. partnership deed
• B. partnership agreement
• C. partnership contract
• D. all of the above

Answer 1

Answer: (A)

partnership deed

The written agreement to enter into a partnership is known as the 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 A.