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2. Harry and George have formed Popular Foods and Lively Potations, Inc. (PFLP), a California C Corporation. Harry has contributed $100,000 and owns 25% of
2. Harry and George have formed Popular Foods and Lively Potations, Inc. (PFLP), a California C Corporation. Harry has contributed $100,000 and owns 25% of the outstanding shares, and George has contributed $300,000 and owns 75%. Bert holds a proxy to vote Georges shares. If the proxy does not contain an express termination date, how long will it remain valid? a) 5 months b) 7 months c) 9 months d) 11 months
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