Which of the Following Statements Is True About a Joint

Multiple Choice

Which of the following statements is true about a joint venture?

A) A joint venture is automatically terminated when one member dies.
B) A joint venture is similar to a partnership as they are usually both created for making and selling a single product.
C) Courts frequently apply partnership law to joint ventures.
D) Members of a joint venture are agents of the other members.
E) Although a formal agreement is not necessary for a partnership,it is necessary for a joint venture.