Question 1

If an invention is obvious, then it does not qualify for a patent.

Accepted Answer

A) True 
 B)False

Question 2

According to the public use doctrine for patents, ________.

Accepted Answer

A) a patent will not be granted if the invention was already in public use for one year before filing application 
B) an invention cannot be used in the public domain prior to it being granted a patent 
C) the inventor has to test his invention in the public domain, to measure its validity, before being granted a patent 
D) the invention will come into the public domain once its term period has expired 
A) a patent will not be granted if the invention was already in public use for one year before filing application 
B) an invention cannot be used in the public domain prior to it being granted a patent 
C) the inventor has to test his invention in the public domain, to measure its validity, before being granted a patent 
D) the invention will come into the public domain once its term period has expired

Question 3

The No Electronic Theft Act (NET Act)can be invoked for copyright infringements that do not involve financial gain.

Accepted Answer

A) True 
 B)False

Question 4

A ________ is a grant by the federal government upon the inventor of an invention for the exclusive right to use, sell, or license the invention for a limited amount of time.

Accepted Answer

A) copyright 
B) patent 
C) trade secret 
D) trademark 
A) copyright 
B) patent 
C) trade secret 
D) trademark

Question 5

Copyrights are addressed separately by different state laws.

Accepted Answer

A) True 
 B)False

Question 6

How do patent laws help an inventor?

Accepted Answer

A) by letting the inventor keep his patents indefinitely 
B) by helping the inventor meet potential buyers for his patented inventions 
C) by providing protection for patented inventions from infringement 
D) by helping the inventor guard his patented invention from the public 
A) by letting the inventor keep his patents indefinitely 
B) by helping the inventor meet potential buyers for his patented inventions 
C) by providing protection for patented inventions from infringement 
D) by helping the inventor guard his patented invention from the public

Question 7

A trademark is only issued if the registrant proves he has used the mark in commerce.

Accepted Answer

A) True 
 B)False

Question 8

A patent can only be claimed for a limited amount of time.

Accepted Answer

A) True 
 B)False

Question 9

A patent in the public domain can be purchased by a non-patent holder.

Accepted Answer

A) True 
 B)False

Question 10

A closely guarded formula for a recipe protected by a soft drink manufacturer would be considered as an example of a ________.

Accepted Answer

A) copyright 
B) patent 
C) trademark 
D) trade secret 
A) copyright 
B) patent 
C) trademark 
D) trade secret

Question 11

A patent number is given to a patent that is still under consideration.

Accepted Answer

A) True 
 B)False

Question 12

The trademark symbol "SM" is used to indicate a mark associated with a product.

Accepted Answer

A) True 
 B)False

Question 13

What is a patent number?

Accepted Answer

A) a number assigned to a patent during application 
B) a number assigned to a patent when the patent is pending 
C) a number assigned to a patent once the patent is granted 
D) a number assigned to a patent when it comes under investigation 
A) a number assigned to a patent during application 
B) a number assigned to a patent when the patent is pending 
C) a number assigned to a patent once the patent is granted 
D) a number assigned to a patent when it comes under investigation

Question 14

The trademark symbols "TM" and "SM" can be used with marks that have been not been registered.

Accepted Answer

A) True 
 B)False

Question 15

When does a patent enter the public domain?

Accepted Answer

A) when the patent has been challenged in court and found to be an infringement 
B) when the patent term period has expired 
C) when the government deems that the practical purpose of the invention is universally applicable and cannot be controlled by one individual or group of people 
D) when the invention is either obvious or not a novel one 
A) when the patent has been challenged in court and found to be an infringement 
B) when the patent term period has expired 
C) when the government deems that the practical purpose of the invention is universally applicable and cannot be controlled by one individual or group of people 
D) when the invention is either obvious or not a novel one

Question 16

Copyright for a work can only be claimed once the U.S.Copyright Office issues it.

Accepted Answer

A) True 
 B)False

Question 17

Explain what a generic name is with reference to trademarks.

Accepted Answer

Once a company has been granted a tradem

Question 18

Which of the following provisions does the American Inventors Protection Act make?

Accepted Answer

A) It lets the inventor apply for a provisional right application. 
B) It allows the inventor to ask for an immediate patent on his invention. 
C) It protects the invention from going public before the patent is issued. 
D) It does not let non-patent holders to challenge the inventor's patent. 
A) It lets the inventor apply for a provisional right application. 
B) It allows the inventor to ask for an immediate patent on his invention. 
C) It protects the invention from going public before the patent is issued. 
D) It does not let non-patent holders to challenge the inventor's patent.

Question 19

A ________ mark is mark that confirms that a seller of a product or service has met certain geographical location requirements, quality standards, material standards, or mode of manufacturing standards established by the owner of the mark.

Accepted Answer

A) sellers 
B) certification 
C) service 
D) collective membership 
A) sellers 
B) certification 
C) service 
D) collective membership

Question 20

Utility patents for inventions are valid for the whole of the inventor's life and 70 years after that.

Accepted Answer

A) True 
 B)False

Exam 7: Intellectual Property and Cyber Piracy

If an invention is obvious, then it does not qualify for a patent.

According to the public use doctrine for patents, ________.

The No Electronic Theft Act (NET Act)can be invoked for copyright infringements that do not involve financial gain.

A ________ is a grant by the federal government upon the inventor of an invention for the exclusive right to use, sell, or license the invention for a limited amount of time.

Copyrights are addressed separately by different state laws.

How do patent laws help an inventor?

A trademark is only issued if the registrant proves he has used the mark in commerce.

A patent can only be claimed for a limited amount of time.

A patent in the public domain can be purchased by a non-patent holder.

A closely guarded formula for a recipe protected by a soft drink manufacturer would be considered as an example of a ________.

A patent number is given to a patent that is still under consideration.

The trademark symbol "SM" is used to indicate a mark associated with a product.

What is a patent number?

The trademark symbols "TM" and "SM" can be used with marks that have been not been registered.

When does a patent enter the public domain?

Copyright for a work can only be claimed once the U.S.Copyright Office issues it.

Explain what a generic name is with reference to trademarks.

Which of the following provisions does the American Inventors Protection Act make?

A ________ mark is mark that confirms that a seller of a product or service has met certain geographical location requirements, quality standards, material standards, or mode of manufacturing standards established by the owner of the mark.

Utility patents for inventions are valid for the whole of the inventor's life and 70 years after that.

Legal Heritage and the Digital Age

Courts and Jurisdiction

Judicial,Alternative,and E-Dispute Resolution

Constitutional Law for Business and E-Commerce

Intentional Torts and Negligence

Product and Strict Liability

Criminal Law and Cyber Crimes

Nature of Traditional and E-Contracts

Agreement

Consideration and Promissory Estoppel

Capacity and Legality

Genuineness of Assent and Undue Influence

Statute of Frauds and Equitable Exceptions

Third-Party Rights and Discharge

Remedies for Breach of Traditional and E-Contracts

E-Commerce and Digital Law

Formation of Sales and Lease Contracts

Title to Goods and Risk of Loss

Remedies for Breach of Sales and Lease Contracts

Warranties

Creation of Negotiable Instruments

Holder in Due Course and Transferability

Liability, Defenses, and Discharge

Banks, E-Money, and Financial Reform

Credit,Mortgages,and Debtor's Rights

Secured Transactions and E-Filing

Bankruptcy and Reorganization

Agency Formation and Termination

Liability of Principals, Agents, and Independent Contractors

Employment, Worker Protection, and Immigration Law

Labor Law and Collective Bargaining

Equal Opportunity in Employment

Small Business, Entrepreneurship, and General Partnerships

Limited Partnerships and Special Partnerships

Corporate Formation and Financing

Corporate Governance and the Sarbanes-Oxley Act

Corporate Acquisitions and Multinational Corporations

Limited Liability Companies and Limited Liability Partnerships

Franchises and Special Forms of Businesses

Investor Protection, E-Securities, and Wall Street Reform

Ethics and Social Responsibility of Business

Administrative Law and Regulatory Agencies

Consumer Protection and Product Safety

Environmental Protection

Antitrust Law and Unfair Trade Practices

Personal Property and Bailment

Real Property

Landlord-Tenant Law and Land Use Regulation

Insurance

Accountants' Duties and Liability

Wills Trusts and Estates

Family Law

International and World Trade Law

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