MLB Advanced Media, MLB’s Internet subsidiary, claims ownership of all real-time data used by sports websites to provide live graphic simulations of baseball games over the Internet. However, some webcasters operate sites providing very detailed game accounts, including the location of each pitch, that are updated every 30 to 90 seconds. Some webcasters obtain this information from employees who are present at MLB games, whereas others get their data from employees who are watching televised games or listening to radio broadcasts. One webcaster is licensed to use the real-time data from MLB games, but no others are willing to pay the fee for obtaining licensing rights. Evaluate whether the unauthorized description of a baseball game infringes MLB’s intellectual property rights.
hich one of the following correctly interprets t he term “liability” as per the Conceptual Framework for financial reporting? (1) Present obligation of the enterprise arising f rom the past event, the settlement of which is expected to result in an outflow from the enterp rise’s resources (2) Probable cash outflow from the enterprise’s re sources arising from the past events. (3) Future obligation of the enterprise arising fr om the past events, the settlement of which is expected to result in an outflow from the enterp rise’s resources (4) Probable obligation of the enterprise arising from the past event, the settlement of which is expected to result in an outflow from the enterp rise’s resourc
April 13, 2016
11:35 am
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