Which of the following is an element of a joint venture?

Question

Quizplus · Accepted Answer

The elements of a joint venture are (1) an express or implied agreement to carry on an enterprise; (2) a manifestation of intent by the parties to be associated as joint venture; (3) a joint interest as reflected in the contribution of property, finances, effort, skill, or knowledge by each party to the joint venture; (4) a measure of proprietorship of joint control of the enterprise; and (5) a provision for the sharing of profits or losses.

Which of the Following Is an Element of a Joint