One similarity regarding statutory law and/or courts decisions involving recording contracts in the United States and South Korea is:

Question 1 options:

A)	Courts in both countries have held that recording contracts that last for more than 10 years are unconscionable.

B)	Recording contracts that provide for a record royalty rate of less than 50% of record sales and licensing income are invalid.

C)	Both countries have law that indicates that recording contracts that last for longer than 7 years can be held invalid.

D)	Both countries have law that requires artists to be represented by attorneys in the negotiation of recording contracts.

Question 2 (1 point)

Under the Universal Deal Memo, if Universal exercised the First Option Period and released an album (LP) recorded by the Artist during that period which sold 100,000 copies within a year of its release at a published price to dealers (ppd) of $8.00, how much would the Album Recording Fund for the Second Option Period be?

Question 2 options:

A)

$90,576

B)

$100,000

C)

$125,000

D)

$200,000