Asked by Natcha Channara on Jul 24, 2024
Verified
A partnership can be formed with an oral agreement.
Oral Agreement
A contract or agreement made through spoken communication rather than in writing, yet legally binding in many cases.
- Learn about the basic constitution and features of partnerships.
Verified Answer
TD
Thamar DelvaJul 26, 2024
Final Answer :
True
Explanation :
A partnership can be formed through an oral agreement as it does not necessarily require a written contract to be legally valid, although having a written agreement is highly recommended for clarity and dispute resolution.
Learning Objectives
- Learn about the basic constitution and features of partnerships.
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