Which of the Following Statements Is False Regarding Ways in Which

question 25

Multiple Choice

Which of the following statements 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)In a bankruptcy case the court may award ownership of certain property to a creditor.
• C)A person may acquire ownership through confusion.
• D)When a person is paid to create property for someone else,the property is owned by the person who paid for its creation.
• E)A means of acquiring ownership is by court order.

---

Definitions:

Corporate Bylaws

The rules and procedures established by a corporation to govern its operations and management.

Internal Management

The processes, policies, and procedures that govern the day-to-day operations and decision-making within an organization or entity.

Corporate Structure

The organizational design and operational framework of a corporation, defining its departments, roles, authorities, and communication processes.

Nonprofit Corporation

A legal entity organized for a public or social benefit, exempt from paying income tax on the money it earns.