Question
Which of these options is NOT a difference between a partnership and a joint venture? a. The parties in a joint venture do not owe
Which of these options is NOT a difference between a partnership and a joint venture?
a.
The parties in a joint venture do not owe each other a fiduciary duty. This is not the case for a partnership
b.
The activities in a joint venture are usually for a specific period of time, while the activities of a partnership are often continuing and indefinite
c.
A partnership is a separate legal entity, while a joint venture is not a separate legal entity
d.
The joint ventures receive a share of the product, while partners share the profit generated by the firm
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