A(n)_______ Is a Relationship Between Two Persons in Which One

question 78

Multiple Choice

A(n) _______ is a relationship between two persons in which one person represents or acts in the place of the other.

• A) agent
• B) principal
• C) agency
• D) independent contractor

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Definitions:

Transferable

Capable of being passed from one entity to another, either through sale, gift, or by operation of law, thereby changing ownership or rights.

Supermajority Shareholder Voting

A voting requirement that exceeds the threshold of a simple majority, often used for significant decisions in a corporation.

Hostile Takeover

An attempt by a company or individual to acquire another company against the wishes of the target company's management and board of directors.

Voting Trust

An arrangement where the shares of a company's stock are placed under the control of a trustee, often to consolidate voting power or to make unified decisions on behalf of the shareholders.