Legal Principle: Licence is an agreement whereby the owner of the copyright agrees to grant an interest in the copyright to the licencee, assignment is an agreement whereby the owner of the copyright transfers all the property rights to the assignee. Property right is a bundle of rights consisting of right to possess, right to use, right to alienate and the right to exclude others.Factual Situation: A, an owner of copyright in a cinematographic film enters into an agreement with B, a film distributor, B agrees to distribute the film only in Mumbai. A also enters into many such agreements with other distributors for distribution of his film in other cities. (CLAT 2013)

Each question consists of legal principle(s) (hereinafter referred to as 'principle') and facts. Such proposition may or may not be true in the real and legal sense, yet you have to conclusively assume them to be true for the purposes of this section. You have to apply the principles to the given facts to arrive at the most reasonable conclusion. Only one of the alternatives, i.e., (A), (B), (C), or (D) is the most reasonable conclusion. Remember: you must not rely on any principle except the principles that are given for every question.