Question 1

A service mark is used to distinguish the product of the holder from those of its competitors.

Accepted Answer

A) True 
 B)False

Question 2

What are the requirements for obtaining a patent?

Accepted Answer

To be patented,an invention must be (1)n

Question 3

Explain what a generic name is with reference to trademarks.

Accepted Answer

Once a company has been granted a tradem

Question 4

What is a patent number?

Accepted Answer

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

Question 5

If a competitor reverse-engineers a trade secret,then the competitor is ________.

Accepted Answer

A) allowed co-ownership of the trade secret and its original trademark 
B) allowed to use the trade secret but not its original trademark 
C) not allowed to gain commercially from the trade secret 
D) obliged to inform the original owner of the trade secret 
A) allowed co-ownership of the trade secret and its original trademark 
B) allowed to use the trade secret but not its original trademark 
C) not allowed to gain commercially from the trade secret 
D) obliged to inform the original owner of the trade secret

Question 6

A competitor can lawfully discover a trade secret by performing reverse engineering.

Accepted Answer

A) True 
 B)False

Question 7

Intellectual property falls into a category of property known as a(n)________.

Accepted Answer

A) tangible property 
B) moveable property 
C) real property 
D) intangible property 
A) tangible property 
B) moveable property 
C) real property 
D) intangible property

Question 8

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

Question 9

A(n)________ is a term for a mark that has become a common term for a product line or type of service and therefore has lost its trademark protection.

Accepted Answer

A) private brand 
B) service mark 
C) obsequious work 
D) generic name 
A) private brand 
B) service mark 
C) obsequious work 
D) generic name

Question 10

Applications for patents must be filed with the ________.

Accepted Answer

U.S.Patent

Question 11

A party that does not register its brand name has no legal right over it.

Accepted Answer

A) True 
 B)False

Question 12

According to the Economic Espionage Act,________.

Accepted Answer

A) persons who have reverse-engineered a trade secret can use that trade secret and the related trademark 
B) it is a federal crime to steal another's trade secret 
C) the rights to a trade secret must be renewed after a specified period of time 
D) trade secrets can be shared for a limited amount of time 
A) persons who have reverse-engineered a trade secret can use that trade secret and the related trademark 
B) it is a federal crime to steal another's trade secret 
C) the rights to a trade secret must be renewed after a specified period of time 
D) trade secrets can be shared for a limited amount of time

Question 13

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

Accepted Answer

A) True 
 B)False

Question 14

"Just Do It" is a famous tagline used by the Nike Corporation.Which of the following types of intellectual property would this tagline come under?

Accepted Answer

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

Question 15

In a dilution lawsuit,the plaintiff must show proof of actual harm in order to win the lawsuit.

Accepted Answer

A) True 
 B)False

Question 16

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

Accepted Answer

A) True 
 B)False

Question 17

In terms of copyright law,the use of copyrighted material in a satire or parody exemplifies ________.

Accepted Answer

A) the piracy problem 
B) copyright sharing 
C) the fair use doctrine 
D) copyright infringement 
A) the piracy problem 
B) copyright sharing 
C) the fair use doctrine 
D) copyright infringement

Question 18

Which of the following is a key function of the U.S.Court of Appeals for the Federal Circuit regarding patents?

Accepted Answer

A) It hears appeals rejected by the state courts regarding patent issues. 
B) It accepts applications for new patents. 
C) It helps promote uniformity in patent laws. 
D) It helps enact new patent laws. 
A) It hears appeals rejected by the state courts regarding patent issues. 
B) It accepts applications for new patents. 
C) It helps promote uniformity in patent laws. 
D) It helps enact new patent laws.

Question 19

Utility patents for inventions are valid for 20 years.

Accepted Answer

A) True 
 B)False

Question 20

A company slogan is an example of a trademark.

Accepted Answer

A) True 
 B)False

Exam 8: Intellectual Property and Cyber Piracy

A service mark is used to distinguish the product of the holder from those of its competitors.

What are the requirements for obtaining a patent?

Explain what a generic name is with reference to trademarks.

What is a patent number?

If a competitor reverse-engineers a trade secret,then the competitor is ________.

A competitor can lawfully discover a trade secret by performing reverse engineering.

Intellectual property falls into a category of property known as a(n)________.

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

A(n)________ is a term for a mark that has become a common term for a product line or type of service and therefore has lost its trademark protection.

Applications for patents must be filed with the ________.

A party that does not register its brand name has no legal right over it.

According to the Economic Espionage Act,________.

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

"Just Do It" is a famous tagline used by the Nike Corporation.Which of the following types of intellectual property would this tagline come under?

In a dilution lawsuit,the plaintiff must show proof of actual harm in order to win the lawsuit.

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

In terms of copyright law,the use of copyrighted material in a satire or parody exemplifies ________.

Which of the following is a key function of the U.S.Court of Appeals for the Federal Circuit regarding patents?

Utility patents for inventions are valid for 20 years.

A company slogan is an example of a trademark.

Legal Heritage and the Digital Age

Ethics and Social Responsibility of Business

Courts, Jurisdiction, and Administrative Agencies

Alternative, Judicial, and E-Dispute Resolution

Constitutional Law for Business and E-Commerce

Torts and Strict Liability

Cyber Law and Cyber Crimes

Formation and Requirements of Contracts

Performance and Breach of Contracts

Digital Law and E-Commerce

UCC Sales Contracts, Leases, and Warranties

Credit, Secured Transactions, and Bankruptcy

Small Business, General Partnerships, and Limited Partnerships

Limited Liability Companies, Limited Liability Partnerships, and Special Forms of Business

Corporations and Corporate Governance

Investor Protection, E-Securities, and Wall Street Reform

Agency Law

Equal Opportunity in Employment

Employment Law and Worker Protection

Labor Law and Immigration Law

Antitrust Law and Unfair Trade Practices

Consumer Protection

Environmental Protection

Real Property and Land Use Regulation

International and World Trade Law

Accountants' Duties and Liability

Filters