A Proxy Contest Is One in Which a Group of Dissident

question 89

True/False

A proxy contest is one in which a group of dissident shareholders attempts to obtain representation on a
firm's board by soliciting other shareholders for the right to vote their shares.

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Definitions:

Payment

The transfer of money, goods, or services as compensation or fulfillment of an obligation.

Demand Instrument

A type of draft that allows the payee to demand payment at any time from a holder.

Payee

The individual or entity to whom a payment is to be made or who will receive the payment.

Subsequent Holder

An individual or entity that acquires a negotiable instrument after it has been initially issued.