Question : Assertion (A): The partnership deed may be either written or oral.
Reason (R): In order to avoid all misunderstandings and disputes, it is always the best course to have a written agreement duly signed and registered under the Act.
Option 1: Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)
Option 2: Both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of Assertion (A)
Option 3: Assertion (A) is true but Reason (R) is false
Option 4: Assertion (A) is false but Reason (R) is true
Correct Answer: Both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of Assertion (A)
Solution : The partnership deed may be either written or oral. In order to avoid all misunderstandings and disputes, it is always the best course to have a written agreement duly signed and registered under the Act. There is no explanation of oral agreement in the reason. Hence, the correct option is 2.