The topic can be proposed by the writer Assignment - 19

The topic can be proposed by the writer - Assignment Example As a result of falling out between Louise and Sarah, Sarah decided to vote for shares in violation of the agreement with James. Was Sarah right to vote for James shares in violation of the agreement signed with James? The court of trial held that the rightful holders of the office are those people who are elected in a written consent. It reasoned that the consent was effective if only Sarah’s votes counted towards the majority side and her vote could only be counted is her agreement with James did not bind them. For an individual to act effectively as a proxy, a document must identify the shares that are to be voted by the agent. Proxies are usually revocable unless they are able to satisfy the requirements. A duly proxy that can be executed is only irrevocable if it states that it is irrevocable and only if it is coupled with a sufficient interest in law supporting a power that is irrevocable. The court ruled that James had no power to vote for his share by the time he made contract with Sarah. Basing on the foregoing, we hold that the proxy James gave to her daughter- Louise, failed to satisfy all the requirements of a proxy hence it was