Question

trout corp., kirgo ltd., and sturgeon inc., three of the leading construction companies in the u.s., have decided to join hands and create a new cement manufacturing company. according to their agreement, trout corp. will have 50 percent equity, kirgo ltd. will have 20 percent equity, and sturgeon inc. will have 30 percent equity. in this given scenario, sturgeon inc. is referred to as a(n)

Answer 1

Sturgeon Inc. often said to as business process automation ( bpa) minority JV partner in this particular case.

What is a legal agreement?

A contract is one that is enforceable by law; contracts are those that are lawfully enforceable at the choosing of either or both of the parties, and not at the discretion of any other or others; contracts that are voidable; and contracts that cease to be legally binding.

What exactly can you mean by consent?

An understanding is a sign of two or more people's consent to one another. It happens as a result like an offers and an approval and symbolizes the fusion of ideas toward a common objective. One can express an agreement by words, actions, and in certain cases even silence.

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