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Following is the difference between partnership deed and partnership agreement.
- a)Partnership deed is in writing and partnership agreement is oral.
- b)Partnership deed is signed by all the partners but partnership agreement is signed by majority of the partners.
- c)Partnership deed is registered in the court of law whereas partnership agreement is not registere
- d)Partnership deed is not subject to changes unless all partners agrees to it.Partnership agreement can be amended with the consent of more than 50% partners.
Correct answer is option 'C'. Can you explain this answer?
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Verified Answer
Following is the difference between partnership deed and partnership a...
Whenever any agreement is registered it becomes a 'DEED'. (for example, sale agreement, partnership agreement, etc.,).
As per Partnership Act, Registration is optional.
But, in the interest of business, it is prudent to get it registered. Because, only a registered firm can sue on its' name.
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Following is the difference between partnership deed and partnership a...
Partnership Deed vs Partnership Agreement
Partnership deed and partnership agreement are two important legal documents that are used to establish a partnership business. Although both documents serve the same purpose, there are some differences between them. Let's take a closer look at the differences between partnership deed and partnership agreement:
Definition:
- Partnership deed: It is a written document that contains all the important terms and conditions of the partnership business. It is a legally binding document that is signed by all the partners.
- Partnership agreement: It is an oral or written agreement between the partners that governs the operation of the partnership business. It is not a legally binding document and is signed by a majority of the partners.
Signing:
- Partnership deed: It is signed by all the partners of the partnership business.
- Partnership agreement: It is signed by a majority of the partners of the partnership business.
Registration:
- Partnership deed: It is registered with the Registrar of Firms and is a legally binding document.
- Partnership agreement: It is not registered and is not a legally binding document.
Changes:
- Partnership deed: It cannot be changed without the consent of all the partners of the partnership business.
- Partnership agreement: It can be changed with the consent of a majority of the partners of the partnership business.
Conclusion:
In conclusion, the main difference between partnership deed and partnership agreement is that the former is a legally binding document that is registered with the Registrar of Firms and cannot be changed without the consent of all the partners, while the latter is an oral or written agreement that is not registered and can be changed with the consent of a majority of the partners.
Partnership deed and partnership agreement are two important legal documents that are used to establish a partnership business. Although both documents serve the same purpose, there are some differences between them. Let's take a closer look at the differences between partnership deed and partnership agreement:
Definition:
- Partnership deed: It is a written document that contains all the important terms and conditions of the partnership business. It is a legally binding document that is signed by all the partners.
- Partnership agreement: It is an oral or written agreement between the partners that governs the operation of the partnership business. It is not a legally binding document and is signed by a majority of the partners.
Signing:
- Partnership deed: It is signed by all the partners of the partnership business.
- Partnership agreement: It is signed by a majority of the partners of the partnership business.
Registration:
- Partnership deed: It is registered with the Registrar of Firms and is a legally binding document.
- Partnership agreement: It is not registered and is not a legally binding document.
Changes:
- Partnership deed: It cannot be changed without the consent of all the partners of the partnership business.
- Partnership agreement: It can be changed with the consent of a majority of the partners of the partnership business.
Conclusion:
In conclusion, the main difference between partnership deed and partnership agreement is that the former is a legally binding document that is registered with the Registrar of Firms and cannot be changed without the consent of all the partners, while the latter is an oral or written agreement that is not registered and can be changed with the consent of a majority of the partners.
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Following is the difference between partnership deed and partnership a...
The answer is C because partnership agreement is optional to get registered but partnership deed must complusory be registered .
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Following is the difference between partnership deed and partnership agreement.a)Partnership deed is in writing and partnership agreement is oral.b)Partnership deed is signed by all the partners but partnership agreement is signed by majority of the partners.c)Partnership deed is registered in the court of law whereas partnership agreement is not registered)Partnership deed is not subject to changes unless all partners agrees to it.Partnership agreement can be amended with the consent of more than 50% partners.Correct answer is option 'C'. Can you explain this answer?
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Following is the difference between partnership deed and partnership agreement.a)Partnership deed is in writing and partnership agreement is oral.b)Partnership deed is signed by all the partners but partnership agreement is signed by majority of the partners.c)Partnership deed is registered in the court of law whereas partnership agreement is not registered)Partnership deed is not subject to changes unless all partners agrees to it.Partnership agreement can be amended with the consent of more than 50% partners.Correct answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Following is the difference between partnership deed and partnership agreement.a)Partnership deed is in writing and partnership agreement is oral.b)Partnership deed is signed by all the partners but partnership agreement is signed by majority of the partners.c)Partnership deed is registered in the court of law whereas partnership agreement is not registered)Partnership deed is not subject to changes unless all partners agrees to it.Partnership agreement can be amended with the consent of more than 50% partners.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Following is the difference between partnership deed and partnership agreement.a)Partnership deed is in writing and partnership agreement is oral.b)Partnership deed is signed by all the partners but partnership agreement is signed by majority of the partners.c)Partnership deed is registered in the court of law whereas partnership agreement is not registered)Partnership deed is not subject to changes unless all partners agrees to it.Partnership agreement can be amended with the consent of more than 50% partners.Correct answer is option 'C'. Can you explain this answer?.
Following is the difference between partnership deed and partnership agreement.a)Partnership deed is in writing and partnership agreement is oral.b)Partnership deed is signed by all the partners but partnership agreement is signed by majority of the partners.c)Partnership deed is registered in the court of law whereas partnership agreement is not registered)Partnership deed is not subject to changes unless all partners agrees to it.Partnership agreement can be amended with the consent of more than 50% partners.Correct answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Following is the difference between partnership deed and partnership agreement.a)Partnership deed is in writing and partnership agreement is oral.b)Partnership deed is signed by all the partners but partnership agreement is signed by majority of the partners.c)Partnership deed is registered in the court of law whereas partnership agreement is not registered)Partnership deed is not subject to changes unless all partners agrees to it.Partnership agreement can be amended with the consent of more than 50% partners.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Following is the difference between partnership deed and partnership agreement.a)Partnership deed is in writing and partnership agreement is oral.b)Partnership deed is signed by all the partners but partnership agreement is signed by majority of the partners.c)Partnership deed is registered in the court of law whereas partnership agreement is not registered)Partnership deed is not subject to changes unless all partners agrees to it.Partnership agreement can be amended with the consent of more than 50% partners.Correct answer is option 'C'. Can you explain this answer?.
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