If the deed says every partner will devote equal time, what does it relate to?

Correct answer: Division of work and duties

The direct answer is option B: division of work and duties. When a deed requires every partner to devote equal time, it is describing how partners must participate in the firm’s work. Time contribution is connected with responsibility, effort and management duties, not with a financial item. The reasoning is simple: equal time means equal expected involvement; equal involvement concerns duties; therefore the clause relates to division of work and duties. Option A is wrong because profit tax is a government charge and is not decided by how many hours partners work. Option B is correct because the clause helps define partners’ responsibilities and can reduce disputes about one partner working more than another. Option C is wrong because a bank loan concerns borrowing and repayment, not the partners’ time. Option D is wrong because inventory means goods held for sale and is unrelated to personal participation. The clause may help partners organise work, but it does not by itself determine profit ratio or salary unless the deed separately says so. Memory cue: time given by partners is a duty matter.