Question

Joint venture is a business agreement in which parties agree to develop for a infinite time. (State with reason whether the given statement is true or false)

Answer 1

Joint venture is a business agreement in which parties agree to develop for a infinite time. = false

Answer 2

Answer:

False

Explanation:

The given statement false.

The joint venture is valid only for a limited time.Joint venture is formed for the specific time to stabilized the business parameters.

For example DRDO (Defense research and Development Organization)and ISRO (Indian Space Research Organization) forms a joint venture for stabilizing the Human Space Flight in space known as Gaganyan in 2021.

This venture is holds for three years initially and subjected to change.