Distinguish partnership from tenancy and joint venture?

Answer 1

Partnership is joining two or more persons to carry on commercial activity(ies) whereas tenancy may or may not be by joint endeavours, could be singular as against partnership of atleast two or more persons;

Joint venture is a specific partnership by two or more entities for a predefined one or more business, public, private or social cause for a specific objective to achieve or for a pre-determined specific time period.

Answer 2

Partnership = Equal shares of Liability & Assets (Profit)

Joint tenancy= Ownership of property by two or more people who all own an undivided share of that whole property. (everyone owns the whole property, can't be split-up)

Joint Venture- Two or more Business entities acting in concert towards a common goal.

Answer 3

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