SBP-BSC announced 2nd Batch Of YPIP - Page 41

Muhammad Usman Ghani · #**401** Monday, November 12, 2012

Math

Iftikhar1 · #**402** Monday, November 12, 2012

Yamanka and Gurdon were awarded with noble prize in the field of medicine..

HUMAIRASATTAR · #**403** Monday, November 12, 2012

Quote:

Originally Posted by Muhammad Usman Ghani

Alvin E. Roth and Lloyd S. Shapley shared the 2012 Nobel Prize in Economic Sciences for their work on matching supply and demand.

I opted littérateur, which is wrong :-(

nooops that was question The Nobel Prize
Sir John B. Gurdon, Shinya Yamanaka

Medicine was the answer

johnwells · #**404** Monday, November 12, 2012

I read couple of earlier posts and noted that there is a general agreement on partnership, which has two or more owners.
But where does it say joint ventures cant have two owner (legally speaking), also as per wikipedia:

"With individuals, when two or more persons come together to form a temporary partnership for the purpose of carrying out a particular project, such partnership can also be called a joint venture where the parties are "co-venturers". "

http://en.wikipedia.org/wiki/Joint_venture

If someone could elaborate pls. Thanks!

Muhammad Usman Ghani · #**405** Monday, November 12, 2012

Quote:

Originally Posted by HUMAIRASATTAR

nooops that was question The Nobel Prize
Sir John B. Gurdon, Shinya Yamanaka

Medicine was the answer

Anyhow i was wrong

Huma Bukhari · #**406** Monday, November 12, 2012

Quote:

Originally Posted by johnwells

I read couple of earlier posts and noted that there is a general agreement on partnership, which has two or more owners.
But where does it say joint ventures cant have two owner (legally speaking), also as per wikipedia:

"With individuals, when two or more persons come together to form a temporary partnership for the purpose of carrying out a particular project, such partnership can also be called a joint venture where the parties are "co-venturers". "

http://en.wikipedia.org/wiki/Joint_venture

If someone could elaborate pls. Thanks!

Usually partnerships are associated with individuals coming together for a business and joint ventures are associated with businesses coming together. As per my knowledge the answer was partnership as the question asked about "individuals"

Warraich · #**407** Monday, November 12, 2012

I think the correct answer was "B and C both".
Question was about two or more individuals. Let's have a look on the defination given by Investopedia
The cooperation of two or more individuals or businesses in which each agrees to share profit, loss and control in a specific enterprise."
http://www.investopedia.com/terms/j/...#axzz2BzWppX4z
-
A joint venture is a legal organization that takes the form of a short term partnership in which the persons jointly undertake a transaction for mutual profit
http://www.law.cornell.edu/wex/joint_venture
-
An association of two or more individuals or companies engaged in a solitary business enterprise for profit without actual partnership or incorporation; also called a joint adventure.
http://legal-dictionary.thefreedicti.../Joint+Venture
-
Even of wikipedia and other websites, the word "PARTIES" is mentioned, an individual can be a party.

Zohaib786 · #**408** Monday, November 12, 2012

Quote:

Originally Posted by Warraich

I think the correct answer was "B and C both".
Question was about two or more individuals. Let's have a look on the defination given by Investopedia
The cooperation of two or more individuals or businesses in which each agrees to share profit, loss and control in a specific enterprise."
http://www.investopedia.com/terms/j/...#axzz2BzWppX4z
-
A joint venture is a legal organization that takes the form of a short term partnership in which the persons jointly undertake a transaction for mutual profit
http://www.law.cornell.edu/wex/joint_venture
-
An association of two or more individuals or companies engaged in a solitary business enterprise for profit without actual partnership or incorporation; also called a joint adventure.
http://legal-dictionary.thefreedicti.../Joint+Venture
-
Even of wikipedia and other websites, the word "PARTIES" is mentioned, an individual can be a party.

i never doubted that it was other than partnership same mcq was asked in mtos test of mcb and the answer was partnership..
keep it simple and see what what is written down there.
An association of two or more people as partners.
A business organization in which two or more individuals manage and operate the business.

while in joint venture two individuals join their individual business's.
The cooperation of two or more individuals or businesses in which each agrees to share profit, loss and control in a specific enterprise.

if some one has any doubt about that mcq check partnership act of 1932.that might solve your confusions.

Warraich · #**409** Monday, November 12, 2012

No one here has any doubt about the partnership at all. Almost every one here might have studied partnership and "Partnership Act 1932". For sure partnership is what you have said. Issue is only of "Joint Venture". If it were not in the options, every one might have ticked Partnership blindly. But now, as the question options were
a. Something
b. Partnership
c. Joint Venture
d. Public Limited company
e. B & C both
.
That's why the answer, as per my knowledge was option 'E'. If they had to keep the things simple, they might have not included the Joint venture and specially the option "e" that was b & c both.

Zohaib786 · #**410** Monday, November 12, 2012

Quote:

Originally Posted by Warraich

No one here has any doubt about the partnership at all. Almost every one here might have studied partnership and "Partnership Act 1932". For sure partnership is what you have said. Issue is only of "Joint Venture". If it were not in the options, every one might have ticked Partnership blindly. But now, as the question options were
a. Something
b. Partnership
c. Joint Venture
d. Public Limited company
e. B & C both
.
That's why the answer, as per my knowledge was option 'E'. If they had to keep the things simple, they might have not included the Joint venture and specially the option "e" that was b & c both.

any how what i perceived from the statement is partnership , if it was about the combination of their business than joint venture would be concluded in it .

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The Following 3 Users Say Thank You to Warraich For This Useful Post:
aliszabist (Monday, November 12, 2012), johnwells (Monday, November 12, 2012), Tassawur (Monday, November 12, 2012)

The Following User Says Thank You to Warraich For This Useful Post:
johnwells (Monday, November 12, 2012)