When the Music Companies Filed Suit Against the Peer-To-Peer File

question 111

Multiple Choice

When the music companies filed suit against the peer-to-peer file sharers on copyrighted music, they wanted legal and equitable remedies. Which of the following is an equitable remedy?

• A)Money damages for the loss of royalties on the downloaded copyrighted songs
• B)Injunction against the facilitating software provider for the downloading
• C)Civil penalties for the infringement
• D)Both a and c

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Definitions:

Nearness to Maturity

The time remaining until a financial instrument reaches its specified maturity date, affecting its price and interest rate sensitivity.

Balance Sheet

A report detailing a firm's assets, liabilities, and owners' equity at a particular moment.

Order of Magnitude

A classification of scale or size of a quantity, where each class is ten times greater or smaller than the one before.

Gross Method

An accounting practice where purchases are recorded at the total invoice cost without deducting any purchase discounts.