Class 1.2: What is a "Runtime" in Software? Quiz

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2.1 What is a software "Runtime"?

A) The execution environment in which instructions are interpreted and executed. B) A physical filing cabinet for source code. C) A printed manual explaining computer hardware.

2.2 How does a legal runtime differ from traditional paper contracts?

A) A legal runtime executes rule logic dynamically, whereas paper is passive historical text. B) Paper contracts run 10x faster than software runtimes. C) Runtimes do not support variable inputs or state logic.

2.3 What happens when contract terms are compiled into a computational runtime?

A) Ambiguity is removed because execution follows deterministic code logic. B) Legal ambiguity increases significantly. C) Contracts require physical notarization for every loop.

2.4 Why is state versioning essential inside legal runtimes?

A) It provides an immutable, non-repudiable history of state transitions for auditing. B) It hides execution history from all parties. C) It automatically deletes older contract versions.

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