Question

making partnership agreement is. 1. compulsory 2. voluntary 3. party compulsory 4. none of these

Answer 1

Answer:

Explanation:

Compulsory

Answer 2

Making a partnership agreement is voluntary. (Option 2)

• As per the relevant act, making an agreement isn't a mandatory action for any partnership.
• If the partners agree and wish to get the terms in writing, the firm can be registered.
• Such a written document can be essential to sort conflicts of interests and can guide future decisions in situations of disagreement.
• The absence of registration can birth various restrictions in business-related and legal activities.