Author Question: If shareholders agree to vote in a specified manner for the election or removal of directors, this ... (Read 78 times)

Mr. Wonderful · **on:** Jun 24, 2018

If shareholders agree to vote in a specified manner for the election or removal of directors, this is known as:
A) a proxy.
B) cumulative voting.
C) a voting trust.
D) a shareholder voting agreement.

Question 2

On November 1, Paula and Mia enter into a contract where both parties are obligated to perform on December 31. On December 1, Paula tells Mia, I cannot and do not plan to perform my duties in our contract. This statement is a(n):
A) material alteration.
B) anticipatory repudiation.
C) nonmaterial breach since the statement is made before December 31.
D) accord.