Update

Muft Shiksha™ एक 100% Free Education Portal है 🇮🇳, जिसका उद्देश्य Class 9–12 के हर विद्यार्थी तक High-Quality Education को पूरी तरह मुफ्त पहुँचाना है। 🇮🇳 हम मानते हैं कि अच्छी शिक्षा किसी student की आर्थिक स्थिति पर निर्भर नहीं होनी चाहिए। 🇮🇳 हर विद्यार्थी को वही Quality Study Material, MCQs, Quizzes, Exam Preparation, Concept-Based Learning और Bilingual Support मिलना चाहिए, जो आमतौर पर महंगी Coaching या Premium Platforms में मिलता है। Muft Shiksha™ 🇮🇳 इसी सोच के साथ बनाया गया है

Subjects
0 reads0 ratings0 helpful

Why is a dispute resolution clause included in a partnership deed?

Answer and explanation

Correct answer: To fix the method of solving disputes

A dispute-resolution clause sets out the agreed procedure to follow when partners disagree about management, accounts, authority, profit sharing, or another partnership matter. The governing concept is planned conflict management. The clause may require discussion, negotiation, mediation, arbitration, or a specified legal process before or instead of ordinary litigation, depending on its wording and enforceability. By agreeing on a process in advance, partners can reduce uncertainty, delay, and disruption to the firm’s business. Option A is therefore correct because the clause fixes the method or route for resolving disagreements. It does not increase the weight of goods, determine bank interest, or conceal capital; those subjects are unrelated to dispute resolution.

Related tags

Dispute ResolutionClausePartnership DeedPartnership DeedPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

Was this question useful?

No ratings yetWrite a review / Rate this question

Student Reviews

No published reviews yet.

Add Muft Shiksha to your Home Screen

In Safari, tap Share, then Add to Home Screen.