I would say "Take my hand", she said, "and I will protect you." The same thing but without the commas - "Take my hand" she said "and I will protect you" - seems too informal for serious writing and is probably grammatically incorrect in the strictest sense though it might not get corrected by an English teacher. If you're writing for a term paper or essay or something I would go with the commas.
Take my hand," she said softly,"and i'll protect you."
The correctly punctuated sentence would be: "You are old, Grandpa," William, the young man, said. This structure uses quotation marks to indicate the spoken words, a comma before "Grandpa" to address him directly, and proper attribution of the speaker at the end.
Joe said, "The garden is watered!"
It should be--- Marge said, "The train is just leaving."
The correctly punctuated sentence is: "She turned around and said, 'By the way, Sally, where were you on Halloween 1998?'" The quotation marks indicate the spoken words, and commas are used to separate the name and the introductory phrase. Additionally, a question mark is included at the end of the sentence to indicate that it is a question.
Others have said twice: it is called Punctuated Equilibrium.
I believe it was George F. Will
Square
"Give me your hand," she said.
"I like pie," he said.
"Give me your hand," she said. This is dialogue and must use quotes.
An image that is right side up is said to be oriented correctly.