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James and Christine enter into an agreement to promote Aboriginal artist tours overseas. James agrees to provide the finances and Christine agrees to organise the

James and Christine enter into an agreement to promote Aboriginal artist tours overseas.

James agrees to provide the finances and Christine agrees to organise the tours including

the airfares, accommodation and gallery bookings. James and Christine agree to share

profits equally. Have they created a partnership or a joint venture ? Give reasons for your

answer.

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