Which of the Following Is True Regarding Computer Software Is

question 65

Multiple Choice

Which of the following is true regarding computer software is considered a product subject to state product liability law?

• A) Courts examining the issue have ruled that computer software is a product subject to state product liability law.
• B) Courts examining the issue have ruled that computer software is not a product subject to state product liability law.
• C) Courts examining the issue have reached varying results regarding whether computer software is a product subject to state product liability law.
• D) Courts examining the issue have found that computer software is a product subject to state product liability law only if the software is marketed to children.

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Definitions:

Liability

A legal financial obligation or debt that an entity owes to another entity, required to be settled through the transfer of assets, provision of services, or other financial settlement.

Federal Reserve Note

The official paper currency of the United States, issued by the Federal Reserve, and the most common form of U.S. banknotes in circulation.

Token Money

Money whose face value exceeds its cost of production, typically involving coins and paper money not backed by a commodity.

Legal Tender

The coins or banknotes that must be accepted if offered in payment of a debt.