Question

memorandum of association, article of association, partnership deed find odd one out​

Answer 1

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Partnership deed is the odd one out.

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Answer 2

Partnership Deed is odd one out in Memorandum of Association, Article of Association and Partnership Deed.

• Partnership Deed is odd one out because Memorandum of Association and Article of Association is prepared when any company is incorporated and Partnership Deed is prepared when any partnership firm is formed.

• Memorandum of Association sets up the limit within which the company will function.

• Memorandum of Association has 6 clause which are Name Clause, Registered Office Clause, Object Clause, Liability  Clause, Capital Clause, Subscription Clause.

• Article of Association contains internal rules and regulation of the company.

• It is basically prepared for internal management of the company.

• Partnership Deed is prepared to set the rules and regulations of partnership firm , it is prepared so that no dispute should arise between partners.