Question 1

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

Accepted Answer

A) True 
 B)False

Question 2

In terms of copyright law,the use of copyrighted material in a satire or parody would be an example of ________.

Accepted Answer

A) copyright infringement 
B) application of fair use doctrine 
C) piracy 
D) copyright sharing 
A) copyright infringement 
B) application of fair use doctrine 
C) piracy 
D) copyright sharing

Question 3

In the context of patents,which of the following is a key function of the U.S.Court of Appeals for the Federal Circuit?

Accepted Answer

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

Question 4

A ________ is a patent that protects the functionality of a patent.

Accepted Answer

A) method patent 
B) design patent 
C) utility patent 
D) process patent 
A) method patent 
B) design patent 
C) utility patent 
D) process patent

Question 5

A competitor can lawfully use a rival's trade secret if the competitor got the trade secret by means of ________.

Accepted Answer

A) cross-licensing 
B) reverse engineering 
C) patenting 
D) copyrighting 
A) cross-licensing 
B) reverse engineering 
C) patenting 
D) copyrighting

Question 6

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 7

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

Accepted Answer

A) True 
 B)False

Question 8

In the United States,the first party to file a patent on an invention receives the patent even though some other party was the first to invent the invention.

Accepted Answer

A) True 
 B)False

Question 9

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

Accepted Answer

A) True 
 B)False

Question 10

The patent term begins to run from the date the patent is issued.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following accurately describes the fair use doctrine with reference to copyrighted material?

Accepted Answer

A) It stipulates the time period for which a copyright holder can retain his copyright. 
B) It permits certain limited use of a copyright by someone other than the copyright holder without the permission of the copyright holder. 
C) It permits use of copyright material by someone other than the copyright holder at a fixed fee. 
D) It guides the U.S. Copyright Office in determining what works require copyrights based on the works' validity. 
A) It stipulates the time period for which a copyright holder can retain his copyright. 
B) It permits certain limited use of a copyright by someone other than the copyright holder without the permission of the copyright holder. 
C) It permits use of copyright material by someone other than the copyright holder at a fixed fee. 
D) It guides the U.S. Copyright Office in determining what works require copyrights based on the works' validity.

Question 12

Ordinary words or symbols that have taken on a secondary meaning will qualify as marks.

Accepted Answer

A) True 
 B)False

Question 13

A collective membership mark identifies different products in the same product line of an organization.

Accepted Answer

A) True 
 B)False

Question 14

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

Question 15

Which of the following statements is true of the patent period in the United States?

Accepted Answer

A) It follows the first-to-invent rule. 
B) The patent period for an invention is 17 years. 
C) The patent term begins to run from the date the patent application is filed. 
D) The patent term begins to run from the date the patent is issued. 
A) It follows the first-to-invent rule. 
B) The patent period for an invention is 17 years. 
C) The patent term begins to run from the date the patent application is filed. 
D) The patent term begins to run from the date the patent is issued.

Question 16

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 17

What is acquiring secondary meaning in trademark terms?

Accepted Answer

A) when a mark that resembles a mark already registered with the federal PTO is used for a new product or service 
B) when descriptive words are used that have no direct relevance to a product or service 
C) when ordinary words establish new meaning due to its attachment to a product or service 
D) when a distinctive mark or design is created for a new product or service 
A) when a mark that resembles a mark already registered with the federal PTO is used for a new product or service 
B) when descriptive words are used that have no direct relevance to a product or service 
C) when ordinary words establish new meaning due to its attachment to a product or service 
D) when a distinctive mark or design is created for a new product or service

Question 18

Explain what a generic name is with reference to trademarks.

Accepted Answer

Once a company has been granted a tradem

Question 19

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

Accepted Answer

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

Exam 7: Intellectual Property and Cyber Piracy

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

In terms of copyright law,the use of copyrighted material in a satire or parody would be an example of ________.

In the context of patents,which of the following is a key function of the U.S.Court of Appeals for the Federal Circuit?

A ________ is a patent that protects the functionality of a patent.

A competitor can lawfully use a rival's trade secret if the competitor got the trade secret by means of ________.

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.

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

In the United States,the first party to file a patent on an invention receives the patent even though some other party was the first to invent the invention.

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

The patent term begins to run from the date the patent is issued.

Which of the following accurately describes the fair use doctrine with reference to copyrighted material?

Ordinary words or symbols that have taken on a secondary meaning will qualify as marks.

A collective membership mark identifies different products in the same product line of an organization.

A ________ 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.

Which of the following statements is true of the patent period in the United States?

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

What is acquiring secondary meaning in trademark terms?

Explain what a generic name is with reference to trademarks.

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

Legal Environment of Business and Online Commerce

Courts and Jurisdiction

Judicial, alternative, and Online Dispute Resolution

Constitutional Law for Business and E-Commerce

Intentional Torts and Negligence

Product and Strict Liability

Criminal Law and Cyber Crime

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

Digital Law and E-Commerce

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

Banking System and Electronic Financial Transactions

Credit, mortgages, and Debtors Rights

Secured Transactions

Bankruptcy and Reorganization

Agency Formation and Termination

Liability of Principals, agents, and Independent Contractors

Employment, worker Protection, and Immigration Law

Labor Law

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, real Property, and Insurance

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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