Which of the following statements is true about a joint venture?
A)A joint venture is automatically terminated when one member dies.
B)A joint venture is similar to a partnership as they are usually both created for making and selling a single product.
C)Courts frequently apply partnership law to joint ventures.
D)Members of a joint venture are agents of the other members.
E)Although a formal agreement is not necessary for a partnership,it is necessary for a joint venture.

Question

Quizplus · Accepted Answer

A)Courts frequently apply partnership law to joint ventures.
B)Courts frequently apply partnership law to joint ventures.
C)Courts frequently apply partnership law to joint ventures.
D)Courts frequently apply partnership law to joint ventures.
E)Courts frequently apply partnership law to joint ventures.

Which of the Following Statements Is True About a Joint