An Organization Has to Own All of the Information Systems

question 21

True/False

An organization has to own all of the information systems it used.

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Definitions:

UCC

Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States, making business operations more uniform across states.

Disproportion In Value

This term does not correspond to a specific, widely recognized legal or financial principle. NO.

Consideration

In contract law, this is something of value that is exchanged between parties entering into a contract, essential for the agreement to be legally binding.

Gratuitous Promises

Promises made without expecting anything in return, often lacking legal enforceability unless supported by formalities like a deed.