In a joint venture,individuals join together in co-ownership for:
A)continuous operation.
B)six to twelve months.
C)a given limited purpose.
D)perpetuity.

Question

Quizplus · Accepted Answer

In a joint venture, individuals join together for a given limited purpose. The purpose could be a specific project or business opportunity, and once that purpose is completed, the joint venture can be dissolved. Therefore, choice C is the best answer.

In a Joint Venture,individuals Join Together in Co-Ownership For