Which of the Following Is True of Proxies

question 53

Multiple Choice

Which of the following is true of proxies?

• A) Proxies are not permitted to be submitted electronically.
• B) Proxies are signed by a corporation and sent to shareholders.
• C) Directors or officers of a corporation cannot hold proxies.
• D) Corporations are permitted to solicit proxies from shareholders.

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Definitions:

Seek Damages

The act of demanding compensation, typically through legal action, for harm or loss suffered due to another's actions or negligence.

Magnuson-Moss Act

A federal law enacted in 1975 to protect consumers from deceptive warranty practices, applying to warranties on consumer products.

Limited Warranty

A warranty with certain conditions and limitations on the parts covered, duration of coverage, and types of defects that are covered.

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions in the United States to standardize practices across state lines.