Which of the Following Is True Regarding Statements of Officers

Multiple Choice

Which of the following is true regarding statements of officers?

A) An outside director, but not an inside director, may in good faith rely upon any statement of an officer.
B) An inside director, but not an outside director, may in good faith rely upon any statement of an officer.
C) Any director may in good faith rely upon any statement of an officer.
D) Not every statement of an officer can be relied upon in good faith.