Which combination of statements is true about partnership-

(A) Valid partnership can be formulated even without a written agreement between the partners.
(B) Methods of settlement of disputes among the partners can't be part of the partnership deed.
(C) If the deed is silent, interest at the rate of 6% p.a. would be charged on the drawings made by the partner.
(D) Each partner carrying on the business is the principal as well as the agent for all the other partners.

Choose the correct answer from the options given below:

(A) and (D) only

The correct answer is Option (1) → (A) and (D) only

(A) Valid partnership can be formulated even without a written agreement between the partners. True — A partnership can be oral or written; a written deed is advisable but not mandatory for validity.

(B) Methods of settlement of disputes among the partners can't be part of the partnership deed. Not true — The partnership deed can include clauses for settlement of disputes, including arbitration.

(C) If the deed is silent, interest at the rate of 6% p.a. would be charged on the drawings made by the partner. Not true — No interest on drawings is allowed unless specified in the deed.

(D) Each partner carrying on the business is the principal as well as the agent for all the other partners. True — This is a fundamental feature of partnership under the Indian Partnership Act, 1932.