Which of the Following Is an Example of a Direct

question 2

Multiple Choice

Which of the following is an example of a direct interlock?

• A) Smith and Jones both sit on the board of Company A.
• B) Smith sits on the board of Company A and holds stock in Company A.
• C) Jones sits on the board of Company A and Company B.
• D) Jones and Smith are co-CEOs of Company A.
• Answer C

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Definitions:

Uniform Electronic Transactions Act

Legislation adopted by some jurisdictions to establish legal equivalence between electronic records and signatures and their paper counterparts, facilitating the legality of digital transactions.

UETA

The Uniform Electronic Transactions Act, which establishes legal recognition for electronic signatures and records in commercial transactions.

Electronic Transactions

Deals or exchanges of goods, services, or information conducted over electronic systems such as the internet.

Online Contracts

Agreements made and signed in an electronic format, using the internet, which are legally binding as traditional paper contracts.