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.

Both A and R are true. R is the correct explanation of A Both A and R are true, but R is not the correct explanation of A A is correct, but R is incorrect A is incorrect, but R is correct

Both A and R are true. R is the correct explanation of A

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.