Computer Software Is Not Covered by Copyright Law

question 39

True/False

Computer software is not covered by copyright law.

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Definitions:

Financial Leases

Financial leases are long-term leases in which the lessee is responsible for maintenance, taxes, and insurance, essentially treating the leased asset as if it were owned.

Cancellable

Refers to an agreement or financial instrument that can be terminated or voided by either party under predefined conditions.

Penalty

A punishment imposed for breaking a law, rule, or contract.

Tax-Oriented Leases

Leasing arrangements designed to pass tax advantages from the lessor, who owns the asset, to the lessee, who uses the asset.