Which of the Following Is True of a Joint Venture

question 80

Multiple Choice

Which of the following is true of a joint venture corporation?

• A) The joint venturers are personally liable for debts of the joint venture corporation.
• B) Joint venturers do not owe each other fiduciary duties as a venture is a single business transaction.
• C) The management rights of joint venturers in a joint venture are divided in ratio of their capital investment.
• D) Each joint venture is liable for the debts and obligations of the joint venture.

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