Question

Which of the following is the difference between a partnership deed and partnership agreement?

• A. Partnership deed is in writing and partnership agreement is oral.
• B. Partnership deed is signed by all the partners but partnership agreement is signed by majority of the partners.
• C. Partnership deed is registered in the court of law whereas partnership agreement is not registered.
• D. Partnership deed is not subject to changes unless all partners to it. Partnership agreement can be amended with the consent of more than 50% partners.

Answer 1

The correct option is C Partnership deed is registered in the court of law whereas partnership agreement is not registered.

Partnership agreement is not registered in the court of law, its a an agreement between the partners whereas a partnership deed is a written agreement between the partners and is registered in the court of law.