2. What type of agreement is used t
form a partnership business?
A) Written agreement
B) Oral agreement
C) Written or oral agreement
D) None of them
Answers
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13
Answer:
option a) is correct
Explanation:
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Option C is correct i.e. Written or oral agreement
- Partnership is a form of business in which two or more people agree to share profit and losses.
- Agreement is a document in which all the terms and conditions are written.
- Agreement can be written as well as oral, it depends upon partners.
- Written agreement is more helpful as it is evidence and no dispute will happen between partners.
- Oral agreement in which all the terms and conditions are orally decided.
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