Mr. X, a partner in an oral partnership for the catching of fish, with P10,000 cash as the only contributions thereto refused to account for proceeds of the firm on the ground that the agreement was not in writing. Is he correct?

A. No, because there must be mutual trust and confidence between the partners.

B. Yes, because partnership must be in writing for it to be valid.

C. No, because the oral partnership is valid, real properties not having been contributed.

D. Yes, because the partnerships capital is more that P3,000, therefore it must be in a public instrument.