Which of the following is true of an illegal consideration?

A) Contract requires that either both parties suffer legal detriment.
B) Contract requires that the promisor receives a legal benefit.
C) Contract requires that the promisee suffer a legal detriment.
D) Contracts based on illegal consideration are void.

D

Business

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Which of the following is true of licenses?

A) A license grants the licensee complete control over intellectual property. B) An exclusive license is granted to only one licensee for a specific period. C) A licensee has complete control over the information he or she is allowed to access. D) A licensee has the right to use information rights beyond the licensor's control.

Business

A(n) ________ is a contract by which the owner of a software or a digital application grants limited rights to the owner of a computer or digital device to use the software or digital application for a limited period and under specified conditions

A) e-license B) ISPS C) domain D) digital signature

Business