First Principles of Business Law
Business organisations in Australia

6. Joint ventures

6.4. Do joint venturers have the power to represent each other as agents?

 

 

 

Read the statements below and select the best one.

(a) Joint venturers are not each other's agents simply by virtue of their business relationship. The legal rights and duties joint venturers owe to each other depends on what they have bound themselves to do by contract.

(b) Like partners, joint venturers have the power to represent each other as agents. This power does not have to be expressly agreed to.

 

 

 

 

 

 

 
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