What is a feature of a Joint Venture regarding liabilities?

A joint venture is an arrangement in which two or more parties come together to undertake a specific project while maintaining their distinct legal identities. In this context, the feature of a joint venture regarding liabilities is that liabilities are shared among all participants.

In a joint venture, the parties involved typically agree to share not only profits but also liabilities that arise from the venture's operations. This shared responsibility means that each participant is accountable for a portion of the joint venture's debts and obligations, which contrasts with the idea that each entity pays for its own expenses. While individual entities may cover their own operational costs outside the joint venture, any financial obligations or liabilities incurred by the joint venture itself are collectively the responsibility of all the parties involved.

Thus, the correct answer reflects the fundamental principle of joint ventures, where liability sharing is a critical aspect of collaboration and risk management among the participants.