Which of the Following Is True of a Joint Venture

question 29

Multiple Choice

Which of the following is true of a joint venture?

• A) The parties to a joint venture are considered limited partners.
• B) Both parties to a joint venture have equal rights to manage the venture.
• C) A joint venture is a partnership that lasts for multiple projects.
• D) Parties to a joint venture are exempt from fiduciary duties to each other.

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