Joint venturers do not have the authority as agents to enter into contracts for the business that will bind the joint venture.

Name: Joint venturers do not have the authority as agents to enter into contracts for the business that will bind the joint venture.
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Question

Quizplus · Accepted Answer

Joint venturers typically have the authority to act as agents for the joint venture, which includes entering into contracts that bind the joint venture, unless otherwise specified in their agreement.

Joint Venturers Do Not Have the Authority as Agents to Enter