What is the liability of joint venturers for each other's actions?

a. Joint venturers will determine their liability according to their contractual agreement, the usual arrangement being, that participants are not liable for each other's actions, only their own

b. Joint ventures are similar to partnerships. Each party acts as an agent for each of the other parties within the joint venture, which means they are jointly liable for each other's actions

c. Joint ventures are not defined in law; therefore it is unknown whether each party may be liable for each other's business transactions

d. Joint venturers will be liable for another party to the venture where the Joint Ventures Act states that the parties will be liable for each other