In a venture in which there are jointly controlled assets,the venturers share the assets as tenants in common; which means that:

Question

Quizplus · Accepted Answer

When assets are jointly controlled, the venturers share them as tenants in common, which means that each venturer has a distinct and identifiable share of each jointly controlled asset. This distinguishes it from "joint tenancy," in which each venturer has an equal and indivisible interest in the asset or assets.

In a Venture in Which There Are Jointly Controlled Assets,the