James Buys a Copy of the Book Downpour

question 57

Multiple Choice

James buys a copy of the book Downpour.Later,after reading the book,James sells it to his sister.Under the first sale doctrine,James's sale of the book is

• A)legal.
• B)legal only if the copyright has expired.
• C)legal only if he sells it for less than he paid for it.
• D)illegal.

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Definitions:

LLC Contracts

Legal agreements that are specifically related to or entered into by a Limited Liability Company (LLC).

ULPA

An acronym for "Uniform Limited Partnership Act," which is a statute that sets forth the legal rules and regulations governing limited partnerships in various jurisdictions.

Expel

Expelling refers to the action of forcing someone or something out of a place or situation.

Limited Partnership

A business structure where some partners have limited liability and limited involvement in the management of the company.