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My doubt is when fill owned 28% of the mine and approval for decisions only required 72% the how did fill have joint control?
fill unanimous consent is not required as he only owns 28% .
Marking scheme says:
Prior to the purchase of the additional investment, the approval of decisions required agreement by 72% of the participating
interests. A joint control situation existed between the entities.How was there a joint control situation?
Interesting
Those parties that have joint control (right of veto) would see this as a joint operation
Examiner doesn’t really reach any conclusion
I think he’s just looking for definitions of control and joint control
If I think of anything else I’ll post it later
Remember that SBR will sometimes ask about things where there is no right / wrong answer – if you’ve put the definitions down – you pass
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