If There Is a Joint Venture,the Fault or Negligence of One

question 51

True/False

If there is a joint venture,the fault or negligence of one venturer will not be imputed to the other venturers.

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Definitions:

Value

The importance, worth, or usefulness of something, often in terms of money, social benefits, or personal significance.

Shelter Principle

A legal rule in negotiable instruments law that allows a person who obtains a negotiable instrument under certain conditions to acquire greater rights than the transferor had.

Holder-In-Due-Course Status

is a legal status that protects a purchaser of debt when they acquire it for value, in good faith, and without notice of certain adverse claims or potential defenses.

Recover

The process of regaining possession or control of something lost or stolen, or obtaining compensation for a loss.