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The parties to joint venture are called ______?
The parties to joint venture are called ______?
مشترکہ منصوبے کی جماعتوں کو ______ کہا جاتا ہے؟
Co-ventures
Principal and agent
Partners
None of these
Explanation
In a
joint venture
, the parties involved are called
co-venturers
because they
collaborate for a specific project or business activity.
Unlike
partners
in a general partnership
,
co-venturers
do not have unlimited liability and usually operate for a limited duration.