A and B purchased a second hand car, get it renovated for selling and shared the proceeds equally. They are:a)Partnersb)Co-venturesc)Joint ownerd)NoneCorrect answer is option 'C'. Can you explain this answer?

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A and B purchased a second hand car, get it renovated for selling and shared the proceeds equally. They are:

a)
Partners
b)
Co-ventures
c)
Joint owner
d)
None

Correct answer is option 'C'. Can you explain this answer?

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A and B purchased a second hand car, get it renovated for selling and ...

JOINT OWNER
Right of ownership shared by two or more owners such that on the death of an owner his or right passes on to surviving owner(s), the last survivor becoming the full owner.

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A and B purchased a second hand car, get it renovated for selling and shared the proceeds equally. They are:a)Partnersb)Co-venturesc)Joint ownerd)NoneCorrect answer is option 'C'. Can you explain this answer?

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