The content of Partnership deed includes:

(A) Name and address of al 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:

The correct option is A, B and D only.

A partnership deed is a written legal document that outlines the rights, duties, and liabilities of partners in a partnership firm. Let us analyze each of the statements to understand why they are included or excluded from a partnership deed:

(A) Name and address of all partners: This is a fundamental requirement of any partnership deed to clearly identify who the partners involved in the business are. Thus, statement (A) is correct and included.

(B) Method of settlement of disputes among partners: To avoid future conflicts and legal complications, a partnership deed typically outlines how disputes among the partners will be resolved (e.g., through arbitration). Thus, statement (B) is correct and included.

(C) Deed once made cannot be altered: This statement is incorrect. A partnership deed can be altered or modified at any time with the mutual consent of all the partners. Thus, statement (C) is excluded.

(D) Rules regarding operation of Bank account: The deed specifies who will operate the bank accounts of the firm—whether it will be operated by all partners jointly, by a specific partner, or by any of them. Thus, statement (D) is correct and included.

(E) Verbal agreement between partners is considered as deed: This statement is incorrect. While a partnership agreement can be oral or written, a partnership deed specifically refers to the written agreement signed by all partners. A verbal agreement is not called a deed. Thus, statement (E) is excluded.

Therefore, statements (A), (B), and (D) are correct contents of a partnership deed, making "A, B and D only" the correct answer.