What Is It Called When Officers of Competing Companies Serve

question 71

Multiple Choice

What is it called when officers of competing companies serve on each others' boards of directors?

• A)Intralocking directorates
• B)Interlocking directorates
• C)Cross-locking directorates
• D)Diagonal directorates

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Definitions:

Chain of Title

A historical record of all previous owners and transfers of a piece of property.

General Warranty Deed

A type of deed that provides the highest level of protection for the buyer, guaranteeing the property is free from all claims and liens.

Broadest Protection

The most comprehensive level of safeguarding provided by a law, policy, or measure against infringements, dangers, or illegal activities.

Bargain and Sale Deed

A legal document transferring property ownership without making any warranties about the title.