BUS 1001 Unit 3 Challenge 1 Questions and Answers(100% VERIFIED A+ GRADED )2024 LATEST VERSION

Unit 3 Challenge 1 According to the Copyright Clause, intellectual property rights are important because they __________.  a.) encourage the sharing of ideas among companies  b.) encourage creativity and the invention of new products  c.) promote equality within society  d.) generate competition and place downward pressure on pricing A deed transferring ownership of a house to you once your mother chooses to move out of the house and into a nursing home would be __________.  a.) a fee simple absolute interest  b.) a reversionary interest  c.) a leasehold interest  d.) a possessory interest Select the true statement regarding inherited or gifted real property.  a.) If an owner of real property dies without a will, the property automatically escheats to the state.  b.) Ownership of real estate may not be transferred by gift.  c