Joint venturers do not owe each other fiduciary duties of a loyalty and care as they are not bound by a contract.

Name: Joint venturers do not owe each other fiduciary duties of a loyalty and care as they are not bound by a contract.
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Question

Quizplus · Accepted Answer

Joint venturers do owe each other fiduciary duties of loyalty and care, as they are acting as partners and have a shared interest in the success of the venture. This duty is implied by law and does not necessarily need to be stated in a contract.

Joint Venturers Do Not Owe Each Other Fiduciary Duties of a Loyalty