In a joint venture, the parties: ______. A)combine their labor or ...

[azncindy619]

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

[jonathanballen97]

Answer to Question 1

A

Answer to Question 2

FALSE

[azncindy619]

Excellent

[Joy Chen]

TYSM