Question 1

Like most successful companies, Pads & Phones, Inc. (P&P), has trade secrets. The law protects those secrets if

Accepted Answer

A)  the information is protected by patent law. 
B)  P&P employees do not handle confidential documents. 
C)  P&P employees never leave the company's employ. 
D)  the information is unique, treated as a secret, and is commercially valuable. 
A)  the information is protected by patent law. 
B)  P&P employees do not handle confidential documents. 
C)  P&P employees never leave the company's employ. 
D)  the information is unique, treated as a secret, and is commercially valuable.

Question 2

Leigh buys Masters of Business , a copyrighted book. Under the first sale doctrine, Leigh can legally

Accepted Answer

A)  sell the book to another person. 
B)  republish the book as his own work. 
C)  control the distribution of other copies of the book. 
D)  sell a license to create new copies of the book. 
A)  sell the book to another person. 
B)  republish the book as his own work. 
C)  control the distribution of other copies of the book. 
D)  sell a license to create new copies of the book.

Question 3

Counterfeit goods are problematic for firms but have no potential to present serious risks to public health.

Accepted Answer

A) True 
 B)False

Question 4

The TRIPS agreement applies to computer programs.

Accepted Answer

A) True 
 B)False

Question 5

A trade name is used to indicate all or part of a business's name.

Accepted Answer

A) True 
 B)False

Question 6

Once a manufacturer's trademark is established, another manufacturer may use it without permission.

Accepted Answer

A) True 
 B)False

Question 7

Works that are copyrightable include

Accepted Answer

A)  books . 
B)  music videos . 
C)  product packaging . 
D)  all of the choices . 
A)  books . 
B)  music videos . 
C)  product packaging . 
D)  all of the choices .

Question 8

McPhail Corporation allows Piston Company to incorporate McPhail's patented fuel-injection system into Piston's product. This is

Accepted Answer

A)  a license . 
B)  copyright infringement . 
C)  trademark infringement . 
D)  patent infringement . 
A)  a license . 
B)  copyright infringement . 
C)  trademark infringement . 
D)  patent infringement .

Question 9

A copyright owner who sells a copy of a book retains the right to control the distribution of that book to subsequent owners.

Accepted Answer

A) True 
 B)False

Question 10

Trademark infringement seeks to prevent consumer confusion regarding the source of the trademark.

Accepted Answer

A) True 
 B)False

Question 11

Stacy creates unique graphic works that feature characters of her own imagination. Copyright protection for Stacy's work is

Accepted Answer

A)  not possible. 
B)  automatic. 
C)  available only on registration with the U.S. Copyright Office. 
D)  enforceable only if Stacy places a circled "c" on the work. 
A)  not possible. 
B)  automatic. 
C)  available only on registration with the U.S. Copyright Office. 
D)  enforceable only if Stacy places a circled "c" on the work.

Question 12

A patent applicant must demonstrate that an invention is useful to receive a patent.

Accepted Answer

A) True 
 B)False

Question 13

Every member country of the Berne Convention must recognize the copyrights of authors who are citizens of other member countries.

Accepted Answer

A) True 
 B)False

Question 14

Don One decides to use his personal name for a line of clothing he is developing. In this circumstance, Don One will receive trademark protection under the law when

Accepted Answer

A)  Don begins to market his line of clothing. 
B)  customers begin to associate the name with the source of the product. 
C)  Don begins to make his line of clothing. 
D)  Don registers with the relevant trademark office. 
A)  Don begins to market his line of clothing. 
B)  customers begin to associate the name with the source of the product. 
C)  Don begins to make his line of clothing. 
D)  Don registers with the relevant trademark office.

Question 15

Trademark dilution requires proof of consumer confusion .

Accepted Answer

A) True 
 B)False

Question 16

Pat invents a new type of pillow and obtains a patent for it. Quiet Rest Inc. believes that Pat's invention infringes on the firm's previously patented cushion. After issuance, a challenge to a patent must be brought within

Accepted Answer

A)  nine months. 
B)  twenty years. 
C)  the life of the inventor plus 70 years. 
D)  no specific time. 
A)  nine months. 
B)  twenty years. 
C)  the life of the inventor plus 70 years. 
D)  no specific time.

Question 17

If information makes a company unique and would have value to a competitor it can potentially be considered a trade secret.

Accepted Answer

A) True 
 B)False

Question 18

Certain business processes are patentable.

Accepted Answer

A) True 
 B)False

Question 19

Pricing information can be a trade secret.

Accepted Answer

A) True 
 B)False

Question 20

The unauthorized use of another's mark in a meta tag constitutes trademark infringement.

Accepted Answer

A) True 
 B)False

Exam 6: Intellectual Property

Like most successful companies, Pads & Phones, Inc. (P&P), has trade secrets. The law protects those secrets if

Leigh buys Masters of Business , a copyrighted book. Under the first sale doctrine, Leigh can legally

Counterfeit goods are problematic for firms but have no potential to present serious risks to public health.

The TRIPS agreement applies to computer programs.

A trade name is used to indicate all or part of a business's name.

Once a manufacturer's trademark is established, another manufacturer may use it without permission.

Works that are copyrightable include

McPhail Corporation allows Piston Company to incorporate McPhail's patented fuel-injection system into Piston's product. This is

A copyright owner who sells a copy of a book retains the right to control the distribution of that book to subsequent owners.

Trademark infringement seeks to prevent consumer confusion regarding the source of the trademark.

Stacy creates unique graphic works that feature characters of her own imagination. Copyright protection for Stacy's work is

A patent applicant must demonstrate that an invention is useful to receive a patent.

Every member country of the Berne Convention must recognize the copyrights of authors who are citizens of other member countries.

Don One decides to use his personal name for a line of clothing he is developing. In this circumstance, Don One will receive trademark protection under the law when

Trademark dilution requires proof of consumer confusion .

Pat invents a new type of pillow and obtains a patent for it. Quiet Rest Inc. believes that Pat's invention infringes on the firm's previously patented cushion. After issuance, a challenge to a patent must be brought within

If information makes a company unique and would have value to a competitor it can potentially be considered a trade secret.

Certain business processes are patentable.

Pricing information can be a trade secret.

The unauthorized use of another's mark in a meta tag constitutes trademark infringement.

Introduction to the Law

Ethics in Business

The Courts and Our Legal System

Constitutional Law

Business Torts

Business Crimes

Introduction to Contracts

Offer and Acceptance

Consideration

Capacity

The Legality of Agreements

Voluntary Consent

Written Contracts

Third Party Rights

Termination and Remedies

Introduction to Sales and Lease Contracts

Title and Risk of Loss

Performance and Breach

Warranties and Product Liability

Consumer Protection

The Essentials of Negotiability

Negotiable Instruments: Transfer and Liability

Banking in the Digital Age

Agency Relationships

Employment, Immigration, and Labor Law

Employment Discrimination

Types of Business Organizations

Formation and Ownership of a Corporation

Management of a Corporation

Combining and Dissolving a Corporation

Credit and Security

Mortgages

Bankruptcy

Insurance

Personal Property

Bailments

Real Property

Landlord and Tenant Law

Wills and Trusts

Administrative Law

Antitrust Law

International and Space Law

Filters