If Jim Purchases an Online License for a Computer Game

question 58

True/False

If Jim purchases an online license for a computer game, he becomes an e-licensor.

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Definitions:

Distribution

The process of making a product or service available for use or consumption by a consumer or business user.

Liquidation

The process of winding up a company's financial affairs by selling off its assets to pay off creditors, after which the company ceases to exist.

Jointly And Severally

A legal term indicating that parties in an obligation or liability are responsible both together as a group and individually.

Contract Obligations

Duties imposed by a contract that parties must perform; failure to do so can result in legal action.