As We Incorporate More and More Technology into Myriad Aspects

question 93

True/False

As we incorporate more and more technology into myriad aspects of daily life, so too are we presented with a whole new set of legal questions that must be answered.

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Definitions:

Promise

A declaration or assurance that one will do something or that a particular thing will happen, often forming the basis of a contract.

Requirements Contract

A contract in which one party agrees to supply as much of a product or service as the other party needs.

Composition Agreement

An arrangement where creditors agree to accept less than the full amount owed to them as full satisfaction of their claims.

Debtor

A person or entity that owes money to another party, usually as a result of borrowing.