Which of the following is not a feature of a partnership deed?

A partnership deed is specifically a written document that contains all the terms and conditions of a partnership. Let's examine each option:

Option 1 states that a partnership deed can be oral. This is incorrect because a "deed" by definition refers to a written legal document. While a partnership agreement can be oral or written as per the Indian Partnership Act, 1932, when we specifically use the term "partnership deed," we are referring only to the written form of the agreement.

Option 2 correctly states that a partnership deed can be in writing, which is the very nature of a deed.

Option 3 correctly identifies that the partnership deed helps resolve disputes by clearly documenting all agreed-upon terms between partners, such as profit-sharing ratio, capital contributions, duties, and rights.

Option 4 correctly states that a partnership deed can be presented as evidence in court. Since it is a written and often registered document, it serves as legal proof of the partnership terms.

Since a deed must be in written form and cannot be oral, Option 1 is not a feature of a partnership deed, making it the correct answer.