Solved

A Contractual Joint Venture Differs from a Partnership in That

Question 40

Multiple Choice

A contractual joint venture differs from a partnership in that


A) there is a fiduciary relationship between the participants.
B) it pools assets and expertise for a business endeavour.
C) it is a relationship for a specific undertaking with a limited duration.
D) profits are retained jointly for use in another project.
E) the liability will be construed to be joint and several.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents