A Proxy Is a Document That Gives a Designated Agent

question 69

True/False

A proxy is a document that gives a designated agent the right to vote a shareholder's stock.

---

Definitions:

Binding Contract

An agreement between two or more parties that is enforceable by law.

Fishing Tackle

Equipment and accessories used for angling or fishing, including rods, lines, hooks, lures, and floats.

Proposed Price

The initial price suggested by a seller or contractor before any negotiations or adjustments.

Contract

An agreement between parties creating mutual obligations enforceable by law.