Intellectual Property Rights Are the Tangible Property Owned by a Firm

question 101

True/False

Intellectual property rights are the tangible property owned by a firm.

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Definitions:

Promissory Note

A legally binding written agreement in which one party promises to pay a specified sum of money to another.

Endorses

To endorse is to support, approve, or recommend something, or in the context of checks, to sign the back of a check to authorize its transfer or cashing.

Dishonor

Refers to the refusal by a bank to pay a check or draft presented for payment, usually due to insufficient funds.

Ratification

The approval or formal sanctioning of an agreement or act, often making it officially valid.