Joint Venture resembles a _____________ and is taxed like a partnership. Most courts apply the same principles to joint ventures as partnerships. Owe each other fiduciary duties.
Fill in the blank(s) with the appropriate word(s).
Ans: partnership
Business
You might also like to view...
Which strategy is used to attach one idea to the other?
A. fait accompli B. stacking C. building blocks D. bluff
Business
In secured credit, the creditor cannot recover the collateral despite the debtor's defaults on the loan
Indicate whether the statement is true or false
Business
Discuss the relationship of men's and women's communication styles to the Hershey/Blanchard situational leadership model
Business
After posting the entries to close all revenue and expense accounts, the Income Summary account of Cleaver Auto Services has a $5,800 debit balance. This result implies that Cleaver earned a net income of $5,800.
Answer the following statement true (T) or false (F)
Business