Author Question: In a joint venture, the parties: ______. A)combine their labor or property for a single undertaking ... (Read 34 times)

azncindy619 · **on:** Jun 24, 2018

In a joint venture, the parties: ______.
A)combine their labor or property for a single undertaking and share profits and losses equally.
B)combine their labor or property for a continuing business and share profits and losses equally.
C)assume no personal liability beyond the risk of losing their initial investment.
D)have unlimited personal liability for debts of the venture.

Question 2

Ad valorem means all taxpayers pay equal amounts.
Indicate whether the statement is true or false