A Proxy Is a Document That Gives a Designated Agent

question 186

True/False

A proxy is a document that gives a designated agent the right to vote on behalf of a shareholder.

---

Definitions:

Contracting Parties

The entities or individuals that agree to, sign, and are bound by a contract.

Assignment

Assignment involves the transfer of rights or obligations from one party to another, often seen in contracts, leases, or financial agreements.

Supporting Consideration

Consideration provided by a party in a contract that underpins the agreement, ensuring it is legally binding.

Assignee

An individual or entity to whom rights or interests have been transferred by another.