Which of the following guides the operations of a Partnership?

The operations of a Partnership are guided by "The Deed". A partnership is a business organization in which two or more individuals come together to carry out a business and share profits and losses. The Deed is a legal document that governs the operations of a partnership. It outlines the rights, responsibilities, and duties of the partners, including the capital contributions of each partner, profit and loss sharing ratios, and the procedures for admitting or retiring partners. The Deed serves as a contract between the partners and is used to resolve disputes that may arise in the course of the partnership's operations. Therefore, it is essential for partners to carefully consider and draft a comprehensive Deed to ensure smooth and efficient operations of the partnership.