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Regarding a partnership deed:
AIt is not legally compulsory and may be oral, but writing (and registration where immovable property is involved) is advisable
BIt need not state the profit-sharing ratio
CIt cannot be altered once made
DIt must always be in writing and registered
Answer & Solution
Correct answer: A. It is not legally compulsory and may be oral, but writing (and registration where immovable property is involved) is advisable
No formalities are mandatory for a partnership agreement; it may be oral, though a written, stamped deed is desirable and registration is required where immovable property is involved.
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