Equal voice in controlling venture-related project

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Reference no: EM132190296

1. Under most limited liability company statues, if the members do not specify how profits will be split, they are divided in proportion to the members' capital investment.

a. True b. False

2. Unless otherwise agreed, joint venturers have an equal voice in controlling a venture-related project.

a. True b. False

3. joint venturers do not have the authority as agents to enter into contracts for the business that will bind the joing venture.

a. True b. False

4. The members of a joing venture have less implied and apparent authority than the partners in a partnership.

a. True b. False

Reference no: EM132190296

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