Which of the Following Is False Regarding Ways in Which

question 50

Multiple Choice

Which of the following is false regarding ways in which people may acquire title to property?

• A) If a person creates a piece of property for himself or herself, then he or she owns that property only so long as it is registered through either the patent or copyright process.
• B) When a person is paid to create property for someone else, the property is owned by the person who paid for its creation.
• C) A means of acquiring ownership is by court order.
• D) In a bankruptcy case the court may award ownership of certain property to a creditor.
• E) A person may acquire ownership through confusion.

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Definitions:

Marginal Cost

The cost incurred to produce one additional unit of a good or service, critical for pricing and production decisions.

R&D

Research and Development, a business or governmental activity aimed at discovering new knowledge and its application.

Holdup

A situation in business where one party opportunistically takes advantage of another party because of preexisting commitments.

Pentagon

The headquarters of the United States Department of Defense, located in Arlington, Virginia, known for its distinctive five-sided shape.