A joint venture may be organized as a:
I.Partnership.
II.Corporation.
III.Undivided interest.
A)I only
B)II only
C)I or III only
D)I,II,or III

Question

Quizplus · Accepted Answer

A joint venture can be organized in various legal forms, including a partnership, where two or more parties agree to share profits, losses, and control; a corporation, which is a separate legal entity owned by shareholders; and an undivided interest, where each party owns a share of the entire venture rather than specific assets.

A Joint Venture May Be Organized as A