Home › Bihar Board Class 12 (Commerce) › Business Studies › Forms of Business Organisation › What is the written agreement containing the ter…
What is the written agreement containing the terms of a partnership called?
APartnership deed
BFirm memorandum
CShare certificate
DPublic prospectus
Answer & Solution
Correct answer: A. Partnership deed
The written agreement setting out the partners' terms and conditions is the partnership deed.
Related questions
Ease of transferring ownership is greatest in which form, leaving out private companies?From an investor's viewpoint, which form is more suitable as its risk is limited?For a business needing a permanent structure, which form is more suitable?Which form of business is least expensive to set up?Why does a private company not need to issue a prospectus?Which words must a private company use after its name?What is the minimum number of members needed to form a public company?Free transfer of shares does not apply to which type of company?