Application Service Providers Have Met with a Great Deal of Success

question 52

True/False

Application service providers have met with a great deal of success in recent years as more and more firms have decided to rent software rather than buy it.

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Definitions:

Good Faith Purchasers

Individuals who buy property without knowledge of any existing claims or issues, often protected by law.

Infants

Legally refers to individuals who are under the age of majority, typically considered to be 18 years in many jurisdictions, and who are thus limited in their ability to enter into contracts.

Minors

Individuals under the age of legal adulthood, which varies by country, typically recognized as under 18 or 21 years old.

Necessary

Something that is essential or required in a particular situation or for achieving a specific outcome.