Alyssa Purchased and Installed a Photo Editing App on Her

question 7

Multiple Choice

Alyssa purchased and installed a photo editing app on her home desktop computer.She also needs to use the app at work and wants to install a copy on her laptop.How can she determine whether this is legal?

• A) Consult with a digital rights lawyer.
• B) Ask a coworker if he's done the same thing.
• C) Look up copyright laws for her state on the Internet.
• D) Read the terms of the license agreement.

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Definitions:

Recognized No Gain or Loss

This occurs when the sale or disposal of an asset results in an outcome where the selling price is exactly equal to its book value, implying no profit or loss is reported.

Scaffolding

A temporary structure used to support work crews and materials to aid in the construction, maintenance, or repair of buildings, bridges, and other structures.

Restructuring of the Note

Refers to the modification of the terms of a debt obligation to benefit both the lender and borrower, possibly including changes to interest rates, payment schedules, or the principal amount.

Negative Covenants

Restrictions placed on a borrower by a lender, prohibiting certain actions or requiring specific behaviors to protect the lender’s interests.