Which of the Following Is True of a Written Partnership

Multiple Choice

Which of the following is true of a written partnership agreement?

A) It is an agreement in which the partners hold a direct agreement with the registration body,and the registration body acts as an interlocutor between the partners.
B) It is an informal agreement between the partners and is not legally binding.
C) It is a legally-binding agreement between the owners which explains the procedures for liquidating the partnership.
D) It is a legally-binding agreement between the proprietors and the stock exchange where it is listed regarding the profit sharing between the owners.