Which of the Following Is True of a Joint Venture

Multiple Choice

Which of the following is true of a joint venture corporation?

A) The joint venturers are personally liable for debts of the joint venture corporation.
B) Joint venturers do not owe each other fiduciary duties as a venture is a single business transaction.
C) The management rights of joint venturers in a joint venture are divided by the ratio of their capital investment.
D) Each joint venture is liable for the debts and obligations of the joint venture.