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4744 REVIEW DENIED Persons who agree to work together toward the common goal of acquiring, developing, and selling a parcel of realty pusuant to a specific profit-sharing formula are joint venturers, which makes each the other's fiduciary and imposes on each the fiduciary duty of highest good faith regarding affairs of the joint venture.CitationPELLEGRINI v WEISS (Joint Venture) 165 CA4 515 [See: City of Atascadero v Merrill Lynch68 CA4 445, T/AT 1/99; BT-I v Equitable Life 75 CA4 1406, T/AT 12/99; Nelson v Abraham 29 C2 745]
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