If a joint venture agreement exists, does one party have a right to acquire the other's property?
California, United States of America
The following excerpt is from James v. Herbert, 149 Cal.App.2d 741, 309 P.2d 91 (Cal. App. 1957):
'If there was an agreement for a joint venture the parties assumed the status of fiduciaries and neither one would have had a right, while the joint venture existed, to [149 Cal.App.2d 748] acquire the subject property to the exclusion of the others.' Lasry v. Lederman, 147 Cal.App.2d 480, 305 P.2d 663, 667.
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