Author Question: A proxy is effective until the shareholder revokes it. Indicate whether the statement is true or ... (Read 72 times)

lidoalex · **on:** Jun 24, 2018

A proxy is effective until the shareholder revokes it.
Indicate whether the statement is true or false

Question 2

Noel and Lyle have a contract whereby Noel is to perform routine construction services according to the blueprints that Lyle has provided. Noel assigns the contract to David. As a result of this assignment:
A) Lyle can bring suit based upon detrimental reliance.
B) Noel has no more rights or responsibilities with regard to the contract.
C) Noel no longer has any rights under the contract, but he remains responsible for the duties he agreed to perform.
D) Noel has all of his rights under the contract, but he has no responsibility for the performance of the duties.