Which of the following statements accurately describes Fair Use?

The statement that accurately describes Fair Use is that it permits limited use of copyrighted works without permission. Fair Use is a legal doctrine that allows individuals to use copyrighted material under certain conditions without needing to obtain a license or permission from the copyright holder. It recognizes that there can be situations where the public interest and freedom of expression are best served by allowing the use of copyrighted works for purposes such as criticism, comment, news reporting, teaching, scholarship, or research.

In determining whether a specific use qualifies as Fair Use, courts typically consider factors such as the purpose and character of the use (for example, whether it is commercial or educational), the nature of the copyrighted work, the amount and substantiality of the portion used in relation to the work as a whole, and the effect of the use on the potential market for the original work. Because Fair Use is intended to balance the rights of copyright holders with the public's interest in accessing and using copyrighted material, it does not allow for unlimited use and does not require permission for every instance of use. This makes it a nuanced and context-dependent aspect of copyright law.