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Why is it necessary to record the firm's name and principal office in a partnership deed?

Answer and explanation

Correct answer: To establish identity and for service/receipt of legal notices

Recording the firm's name and principal office fixes the firm's official identity. The address is required for serving and receiving notices, bank and government correspondence, contracts and for identifying jurisdiction in disputes. It therefore ensures clear legal communication and enforceability. Option C is misleading: restrictions on drawings are set by specific deed clauses, not simply by stating name/address. Exam tip: remember — name and address = identity + service of notices (legal communication).

Related tags

Partnership AccountsPartnership DeedFirm IdentityLegal NoticesAccountancyPartnership Accounts Basic ConceptsClass 12 Mcq

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