In order to avoid disputes it is preferable for partners to:
A) confirm their agreement with a handshake.
B) share profits and losses equally.
C) have a written agreement.
D) work as 'silent' partners.

Question

Quizplus · Accepted Answer

Having a written agreement ensures that all partners are on the same page and understand the terms of their partnership. This can help prevent disputes and misunderstandings in the future. A handshake or being silent partners does not provide clear terms and can lead to issues. Sharing profits and losses equally may also not be feasible or fair depending on the contributions and responsibilities of each partner.

In Order to Avoid Disputes It Is Preferable for Partners