Which statements are true about partnership operations under Indian framework?(A) Each partner carrying on the business is the principal as well as the agent for all the other partners.(B) A valid partnership can be formulated even without a written agreement between the partners.(C) Interest on partner's loan is to be given @ 12% p.a., if the deed is silent about the rate.(D) The maximum number of partners can be 50 in a firm.Choose the correct answer from the options given below:

Let's systematically review the legal parameters of partnerships:Statement (A) is True: Mutual agency is a core principle. A partner acts as both an agent (binding others by actions) and a principal (bound by others' actions).Statement (B) is True: A partnership deed can be oral or written. Hence, a valid partnership can exist without a written document.Statement (C) is False: Under the Indian Partnership Act, 1932, if the partnership deed is silent, interest on a partner's loan is provided strictly at 6% p.a., not 12% p.a.Statement (D) is True: As per Rule 10 of the Companies (Miscellaneous) Rules, 2014, the maximum number of partners permitted in a firm is capped at 50.Therefore, statements (A), (B), and (D) are true.