A joint venture might be recognized because it would demonstrate one of the following factors. Which one?
A)The joint venture will own all property that co-venturers have contributed to the venture.
B)Co-venturers are jointly and severally liable for activities of the undertaking.
C)Co-venturers share profits not gross revenues.
D)Co-venturers do not have the power to bind other co-venturers contractually.

Question

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The Answer of A joint venture might be recognized because it would demonstrate one of the following factors. Which one?
A)The joint venture will own all property that co-venturers have contributed to the venture.
B)Co-venturers are jointly and severally liable for activities of the undertaking.
C)Co-venturers share profits not gross revenues.
D)Co-venturers do not have the power to bind other co-venturers contractually.

A Joint Venture Might Be Recognized Because It Would Demonstrate