Question

Difference between joint venture and consignment comparision chart

Answer 1

Joint venture: The relation betweenco-ventures is just like the partners inpartnership firm. Consignment: The relation between the consignor and consignee is 'principal and agent'. ...Consignment: In consignment, the consignor enjoys principal's right whereas consignee enjoys the right ofagent.

Answer 2

$\huge\underline\mathfrak\red{Answer:-}$

$\bold\pink{Difference\:b/w\:Joint\:Venture\:And:Consignment\:Comparision\:Chart}$

1)$\huge\bold{Parties}$

⚡Joint venture: The parties involving in joint venture are known as co-ventures.

⚡Consignment: Consignor and consignee are involving parties in the consignment.

2)$\huge\bold{Rights}$

⚡Joint venture: The co-ventures in a joint venture have equal rights.

⚡Consignment: In consignment, the consignor enjoys principal's right whereas consignee enjoys the right of agent.

3)$\huge\bold{Nature}$

⚡Joint venture: It is a temporary partnership business without a firm name.

⚡Consignment: It is an extension of business by principal through agent.