[amp_mcq option1=”Must be oral” option2=”Must be in writing” option3=”Can be either oral or in writing” option4=”Must be in writing on a stamp paper” correct=”option3″]<\/p>\n
The correct answer is: C. Can be either oral or in writing<\/strong>.<\/p>\n A partnership is a business relationship between two or more people who agree to share the profits and losses of a business. The agreement of partnership can be either oral or in writing. However, it is always advisable to have a written agreement, as this will help to avoid any disputes in the future.<\/p>\n A written partnership agreement should include the following information:<\/p>\n If the partnership agreement is oral, it is important to have witnesses who can testify to the terms of the agreement. If there is no written agreement or witnesses, it may be difficult to prove the terms of the partnership in court.<\/p>\n It is also important to note that the law of partnerships varies from state to state. Therefore, it is important to consult with an attorney to ensure that your partnership agreement complies with the law in your state.<\/p>\n Here is a brief explanation of each option:<\/p>\n [amp_mcq option1=”Must be oral” option2=”Must be in writing” option3=”Can be either oral or in writing” option4=”Must be in writing on a stamp paper” correct=”option3″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[695],"tags":[],"class_list":["post-48380","post","type-post","status-publish","format-standard","hentry","category-business-and-commerce","no-featured-image-padding"],"yoast_head":"\n\n
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