Multiple choice

Joint venture may also be described as

  1. consignment

  2. partnership at will

  3. temporary partnership

  4. sale
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Joint venture is a temporary or particular partnership as the venture is closed as soon as it is completed. Consignment is the relation of principal and agent between consignor and consignee. Partnership at will is carried on regularly by the partners as per their will. It is not confined to a particular venture. In a sale contract, goods are sold by seller to buyer.

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