Multiple choice

Which of the following statements is true?

  1. There is no difference between joint venture and partnership

  2. Consignment and joint venture is same

  3. In case of joint venture, none of the act is applicable

  4. In case of joint venture, the number of related party is one only
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

 There is no specific act governing Joint venture transactions.

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