A partnership deed is used to _______?

A. Promote mutual understanding
B. Enhance mistrust
C. Encourage discrepancy
D. Control funds

Correct Answer:

Option A – Promote mutual understanding

Explanation

Partnership deed can be used to:

i. Indicates terms on which the business corporation us founded

ii. To form a partnership for the purpose of doing business together

iii. Prevent future disputes

iv. Promote mutual understanding

v. Avoid mistrust