Tammy Is a Member of the Board of Directors of Moon

question 24

Multiple Choice

Tammy is a member of the Board of Directors of Moon Corporation. Her husband is the manager of a large division. What type of director is Tammy?

• A) inside director
• B) outside director
• C) gray director
• D) resident director

---

Definitions:

Legally Restrict

To impose legal limits on actions or rights, typically through laws or regulations.

Tenants in Common

A form of joint property ownership in which each owner has an undivided interest in the property, but without the right of survivorship inherent in joint tenancy.

Assigns

refers to individuals or entities to whom rights or properties are transferred or delegated through legal agreements or wills.

Implied Warranty

An unwritten guarantee that the product sold will meet a minimum level of quality.