Which of the following statements is true regarding joint ventures?
A)Participants in a joint venture usually share profits equally,but share losses based on the percentage of contribution.
B)Courts frequently apply sole proprietorship law to joint ventures.
C)Participants in a joint venture usually share losses equally,but share profits based on the percentage of contribution.
D)The joint venture is not automatically terminated when one of the members dies.
E)A joint venture requires the filing of a formal agreement with the state.

Question

Quizplus · Accepted Answer

A)The joint venture is not automatically terminated when one of the members dies.
B)The joint venture is not automatically terminated when one of the members dies.
C)The joint venture is not automatically terminated when one of the members dies.
D)The joint venture is not automatically terminated when one of the members dies.
E)The joint venture is not automatically terminated when one of the members dies.

Which of the Following Statements Is True Regarding Joint Ventures