Rogue art gallery and sequoia exhibitions form a joint venture. when a dispute arises, rogue files a suit against sequoia. the c

Question

uysha [10]

3 years ago

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Rogue art gallery and sequoia exhibitions form a joint venture. when a dispute arises, rogue files a suit against sequoia. the c

ourt is most likely to apply the same principles to this joint venture as it applies to

Social Studies

1 answer:

ipn [44] · Answer 1 · 2022-06-02T16:29:24+03:00

Answer:

partnerships

Explanation:

The main difference between partnerships and joint venture is that partnerships is formed by several individual owners and joint venture is formed by several business entities.

But, when dispute arises both joint venture and partnerships can be seen as two or more different sides whose interest are conflicting with one another. Because of this, the court most likely applying the same principles between the two.