Question: Explain the difference between a partnership and a joint venture arrangement. What advice would you give Sam and Sung if they agree to a one-off

Explain the difference between a partnership and a joint venture arrangement. What advice would you give Sam and Sung if they agree to a one-off joint venture project with ABC Music Pty Ltd? Refer to Canny Gabriel Castle Jackson Advertising v Volume Sales (Finance) Pty Ltd (1974). (5 marks)

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The quality of the argumentation

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The spatial rule: The closer spatial proximity we have to an event, the more importance we will attach to it.