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Courts Sometimes Find That a Joint Venture Is a Partnership

Question 20

Multiple Choice

Courts sometimes find that a joint venture is a partnership.Which of the following would strongly indicate a business agreement between two parties is a partnership?


A) The parties agreed to share profits and losses.
B) The assets were owned by the parties as 'tenants in common'.
C) Each party had the right to receive a share of the income and to use it for their individual benefit.
D) The agreement was in writing and described as a joint venture.

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