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Oil inc. and petro corporation form a joint venture to design and test petroleum storage facilities and equipment. when a dispute arises, oil files a suit against petro. the court is most likely to apply the same principles to this joint venture as it applies to group of answer choices limited liability companies. corporations. sole proprietorships. partnerships.

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The court is most likely to apply the same principles to this joint venture as it applies to: D. partnerships.

What is partnerships?

Partnerships can be defined as the way in which two people or two or more enter into a business.

Since Joint venture is  similar to partnership which means that the court can likely apply the same  principle to both Joint venture and partnership.

Therefore the correct option  D.

Learn more about partnership here:https://brainly.com/question/14034519

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