A joint venture is a(n):
A)association limited to no more than two persons in business for profit.
B)enterprise of numerous co-owners in a nonprofit undertaking.
C)enterprise engaged in a single project.
D)association of persons engaged as co-owners in a single undertaking for profit.

Question

Quizplus · Accepted Answer

A joint venture may be found when a court is reluctant to call an arrangement a partnership because the purpose of the arrangement is not to establish an ongoing business involving many transactions;instead,it is limited to a single project.

A Joint Venture Is A(n)