One Way to Avoid the Failure of a Joint Venture

question 125

True/False

One way to avoid the failure of a joint venture is to not use any kind of an agreement that details what to do if the business fails,as this just predestines the joint venture's failure.

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Definitions:

Equity Of Redemption

The equitable right of a mortgagor to acquire the title to the mortgaged property by payment of the debt secured by the mortgage.

Arrears

A state of being behind in fulfilling obligations, such as payments on a loan, rent, or utilities.

Purchaser

An individual or entity that buys goods or services from a seller.

Payments

The act of giving money in exchange for goods, services, or to fulfil a legal obligation.