First Principles of Business Law

Business organisations in Australia

6. Joint ventures

6.3. Why would the arrangement described give rise to a joint venture rather than a partnership?

 

 

 

Read the statements below and select the best one.

(a) This arrangement is more likely to be a joint venture than a partnership because it involves a single particular undertaking, rather than carrying on a business on an ongoing basis.

(b) This arrangement is more likely to be a joint venture than a partnership because E&R Plumbing and Domingo are participating in the business separately, rather than by pooling their resources together.

 

 

 

 

 

 

 

 

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