The content of Partnership deed includes: A. Name and address of all…

The content of Partnership deed includes:

A. Name and address of all partners
B. Method of settlement of disputes among partners
C. Deed once made cannot be altered
D. Rules regarding operation of Bank account
E. Verbal agreement between partners is considered as deed

Choose the correct answer from the options given below:

Answer & explanation

Correct answer: option 4

The correct answer is Option (4) → A, B and D only

The partnership deed is the written agreement among the partners and lists the terms on which they carry on business.

(A) Name and address of all partners — Correct. It is one of the usual contents.

(B) Method of settlement of disputes among partners — Correct. The deed provides how disputes will be settled.

(C) Deed once made cannot be altered — Incorrect. The clauses can be altered with the consent of all the partners.

(D) Rules regarding operation of Bank account — Correct. It is listed among the contents.

(E) Verbal agreement between partners is considered as deed — Incorrect. An agreement may be oral, but only the written document is called the partnership deed.

NCERT (2026-27 edition):
Contents of the Partnership Deed

Extract from the NCERT textbook

NCERT (2026-27 edition):
Partnership Deed – “Partnership comes into existence as a result of agreement among the partners. The agreement can be either oral or written. The Partnership Act does not require that the agreement must be in writing. But wherever it is in writing, the document, which contains terms of the agreement is called ‘Partnership Deed’.”

NCERT (2026-27 edition):
Partnership Deed – “… The clauses of partnership deed can be altered with the consent of all the partners. The deed should be properly drafted and prepared as per the provisions of the ‘Stamp Act’ and preferably registered with the Registrar of Firms.”