In law, a tort refers to a civil wrong or action against the law that causes harm or loss to another person and therefore should be regulated by law, especially concerning civil remedies. Additionally, torts can be classified as intentional if the action occurred intentionally which means the individual was aware of the damages or consequences of his/her acts or as related to negligence which means the civil wrong was not intentional, but occurred as the tortfeasor (person who commits a tort) did not consider possible consequences or was unable to avoid these consequences as it occurs in car accidents or collisions that cause other people damages but in most cases are unintentional. Thus, the statement presented is true as in torts involving negligence the tortfeasor does not consider the consequences of the act.
A joint venture attempted mutually by at least two gatherings which generally hold their unmistakable personalities.
A joint adventure is a vital union where at least two gatherings, normally organizations, structure an association to share markets, licensed innovation, resources, learning, and, obviously, benefits. A joint adventure varies from a merger as in there is no exchange of proprietorship in the arrangement.
Advantages of Joint Venture:
Access to new markets and dispersion systems.
Expanded limit.
Sharing of dangers and costs (i.e., obligation) with an accomplice.
Access to more prominent assets, including specific staff, innovation and money.
