Office Products, Inc., engages in licensing transactions with Personnel Staffing Agency and other customers. These transactions involve
A) a passage of title and a right of use.
B) a passage of title only.
C) a right of use only.
D) neither a passage of title nor a right of use.

Question

Quizplus · Accepted Answer

The question states that the transactions involve licensing, which typically involves granting a right of use without transferring ownership or title. Therefore, the correct choice is C, a right of use only.