Jase Transfers Selected Musical Recordings, Without the Copyright Owners' Authorization

question 57

Multiple Choice

Jase transfers selected musical recordings, without the copyright owners' authorization, through his phone to his friends. Jase does not charge his friends for his "service." This is

• A) copyright infringement.
• B) a license.
• C) goodwill.
• D) "fair use."

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Definitions:

Shares Outstanding

This key term represents the aggregate number of issued shares of a corporation held by investors, including restricted shares owned by the company’s officers and insiders.

Reverse Stock Split

A corporate action that reduces the number of a company's outstanding shares and increases the share price proportionately.

Shares Outstanding

The cumulative amount of shares of a company presently held by all shareholders, encompassing large quantities owned by institutional investors and private shares held by company insiders.

Par Value

The nominal or face value of a bond, share of stock, or coupon as stated by the issuer, which may not reflect its market value.