The term licensor refers to a(n) ________ of intellectual property or informational rights who transfers rights in the property or information to another party.
A. owner
B. possessor
C. creator
D. thief
Answer: A
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Which of the following statements regarding receivables is correct?
A) Each receivable transaction involves three parties. B) Receivables occur when a business loans money to another party. C) A receivable occurs when a business makes a cash sale of goods or services to another party. D) A receivable is the right to pay cash in the future from a current receivable transaction.
Which of the following is true with regard to FTL?
a. Carriers transit times are much shorter. b. They make more frequent stops. c. The risk of damage to products is higher. d. Freight frequently needs to be repackaged en route.
Which of the following is not a common legal theory that serves as a basis for a malpractice suit?
A) negligence B) breach of contract C) strict liability D) fraud
Carey decided to incorporate her business under the name yStar Inc Before yStar was incorporated, Carey signed a contract in the name of yStar, Inc to have some office space remodeled. Which statement is correct?
a. yStar is liable on the contract because the contract was signed in its name. b. yStar becomes liable on the contract as soon as it is incorporated. c. yStar is liable on the contract if the contractor knows that the corporation does not yet exist. d. yStar will be liable on the contract only if the corporation adopts the contract.