Because the activities of a partnership are more limited than the business of a joint venture, the members of a joint venture are presumed to have more power to bind their co-venturers.

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In a joint venture, the activities are typically more limited and specific compared to a partnership, which generally involves a broader and ongoing business relationship. Therefore, the presumption about the power to bind co-venturers does not necessarily hold based on the scope of activities.

Because the Activities of a Partnership Are More Limited Than