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Question
State whether the following statement are True or False.
Partnership agreement must be in written form.
Options
True
False
MCQ
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Solution
False.
Explanation: According to the Indian Partnership Act, 1932, it is necessary to have an agreement between the partners but it is not compulsory to have it in written form. An oral agreement is also valid although it is not advisable. Hence, the above statement is incorrect.
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