The contents of a Partnership Deed include which of the following?A. Names and addresses of all partnersB. Method for settlement of disputes among partnersC. A mandate stating the deed once made cannot be altered under any scenarioD. Rules regarding the operation of the firm's Bank accountE. A rule that only verbal agreements between partners qualify as a formal deedChoose the correct answer from the options given below:
- AB, D and E only
- BA, C and E only
- CA, B and C only
- DA, B and D only
Solution & Step-by-step Explanation
Let's look at the legal nature of a partnership deed:\begin{itemize}\item It contains fundamental identifier records and operational guidelines, such as \textbf{A (names and addresses)}, \textbf{B (dispute resolution pathways)}, and \textbf{D (bank account handling regulations)}.\item Statements C and E are completely incorrect because a partnership deed can be modified at any stage with the unanimous consent of all partners, and a partnership deed is specifically defined as a \textbf{written} document, not a verbal one.\end{itemize}Thus, options A, B, and D are valid contents.