Which of the following statement is correct?Statement 1: Partnership requires agreement.Statement 2: Joint Venture may not necessarily have an agreement.

Question

Which of the following statement is correct?Statement 1: Partnership requires agreement.Statement 2: Joint Venture may not necessarily have an agreement.
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Solution 1

Statement 1 is correct. A partnership always requires an agreement. This agreement, which is often written, outlines the rights and responsibilities of each partner.

Statement 2 is incorrect. A joint venture also requires an agreement. This agreement details the terms and conditions of the joint v Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob

Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv

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