omtex.co.in : In partnership agreement may be oral or written: State with reasons whether the following statements are true or false.

In partnership agreement may be oral or written: State with reasons whether the following statements are true or false.

In partnership agreement may be oral or written: True

Explanation: In a partnership, the agreement among partners may be oral or written, depending on the willingness of the partners. If partners wish to prepare a written agreement, they may do so, however, it is not mandatory.