Assertion (A) - A partnership agreement can either be in oral or in writing but in practice written agreement is much more advisable.
Reason(R) - Written agreement will resolve disputes in future.
Reason(R) - Written agreement will resolve disputes in future.
Answer & explanation
Correct answer: option 1
The relation of partnership arises from contract and not from status. Though oral
agreement is even acceptable but in practice written agreement is much more
advisable as disputes can be resolved better with it.