Existing Computer Software

question 6

Multiple Choice

Existing computer software

• A)is a public good
• B)is excludable but nonrivalrous
• C)is rivalrous by not excludable
• D)should be provided free of charge
• E)has been produced efficiently

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Definitions:

Parol Evidence Rule

A legal principle that prohibits the use of oral or extrinsic evidence to contradict, vary, or add to the terms of a written contract.

Collateral Promise

A secondary promise to pay another person's debt only if that person fails to pay.

Statute of Frauds

A legal principle that requires certain types of contracts to be in writing and signed by the parties involved to be legally enforceable.

Oral Contract

An agreement between parties spoken out loud and not written down, yet still legally binding under certain conditions.