Which of the Following Is True Regarding Joint Ventures

Multiple Choice

Which of the following is true regarding joint ventures?

A) Generally,joint ventures are taxed like corporations.
B) If one of the members of a joint venture dies,the joint venture is automatically terminated.
C) Members of a joint venture are agents of the other members.
D) A joint venture may be formed without drawing up a formal agreement.
E) Courts frequently apply sole proprietorship law to joint ventures.