Forms of Business Organisation-1 — OCM STD 11 Commerce — Question
Gujarat BoardEnglish MediumSTD 11 CommerceOCMForms of Business Organisation-13 Marks
Question
Why partnership agreement must be in writing?
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Answer
Partnership is a relation arising out of an agreement of two or more persons to form a partnership by oral or written agreement.
If the agreement is not in written form, it is difficult to solve the dispute arising in future.
If the agreement is in written form it would be easy to settle the dispute or misunderstanding between the partners on the basis of the written agreement.
Misunderstanding can be solved by presenting written document as an evidence in the court as and when required and on the basis of written agreement disputes can be settled and solved lawfully.
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