Q12
The agreement of partnership _______.
A.
Must be oral
B.
Must be in writing
C.
Can be either oral or in writing
AnswerD.
Must be in writing on a stamp paper
Answer: Option C
Solution
Answer: Option C
Solution:
The partnership is an agreement between two or more persons who decided to do business and share its profits and losses. To have a legal relationship between the partners, the partnership agreement becomes the basis. The agreement can be in written form or oral form. An oral agreement is equally valid.