Examlex
You find that knowing Spanish complicates your efforts to learn Italian. This would be termed _______________ transfer.
Inherent Authority
The power or authority possessed by an official body or official inherently through their position or role, not through external sources or assignments.
Proxy
A person who is authorized to vote the shares of another person. Also, the written authorization empowering a person to vote the shares of another person.
Ultra Vires
A Latin term meaning “beyond the powers”; in legal context, actions taken by a corporation or company officials that are beyond their legally granted corporate powers.
Quorum
That number of persons, shares represented, or officers who may lawfully transact the business of a meeting called for that purpose.
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