Question 1

Which of the following is an incorrect statement regarding property interests in Vietnam?

Accepted Answer

A) Vietnam's new constitution asserts that the state owns all the land. 
B) If an individual wants to use land,he or she must pay tax on it as a form of rent. 
C) Transfer of property can occur only with the approval of a state official. 
D) A new owner can never be given a longer term of right or more extensive rights over the land than the original owner had. 
E) The transferring owner determines the price for which property will be transferred. 
A) Vietnam's new constitution asserts that the state owns all the land. 
B) If an individual wants to use land,he or she must pay tax on it as a form of rent. 
C) Transfer of property can occur only with the approval of a state official. 
D) A new owner can never be given a longer term of right or more extensive rights over the land than the original owner had. 
E) The transferring owner determines the price for which property will be transferred.

Question 2

Wedding Photos.Bobby took a number of wedding photos at Jill's wedding.He was paid as the photographer.On all of the photographs,he appropriately noted in the bottom right corner the necessary information showing that he was claiming copyright protection.Jill came to see Bobby three years after the initial photographs were taken and requested that he grant her permission to make as many copies as she wanted at the local photo shop from the pictures that she initially purchased.The photo shop had refused to reproduce the photographs without his permission.When he refused to give her permission to do so,Jill started a heated argument.She told Bobby that photographs are not entitled to copyright protection.She also told him that even if he was correct that there was some copyright protection,she was engaged in fair use,and in any event,damages for copyright infringement are unavailable.If Bobby decides to register the photographs under copyright law,how would he go about doing so?

Accepted Answer

A) He would register by filing a form with the Register of Copyrights and providing two copies of the copyrighted materials to the Library of Congress. 
B) He would register simply by filing a form with the Register of Copyrights. 
C) He would register simply by providing two copies of the copyrighted materials to the Library of Congress. 
D) He would register merely by affixing the appropriate symbol at the bottom of the photograph followed by the first date of publication and his name. 
E) There is nothing he can do since the photographs are not subject to copyright protection. 
A) He would register by filing a form with the Register of Copyrights and providing two copies of the copyrighted materials to the Library of Congress. 
B) He would register simply by filing a form with the Register of Copyrights. 
C) He would register simply by providing two copies of the copyrighted materials to the Library of Congress. 
D) He would register merely by affixing the appropriate symbol at the bottom of the photograph followed by the first date of publication and his name. 
E) There is nothing he can do since the photographs are not subject to copyright protection.

Question 3

Property that the original owner has discarded is ________ property.

Accepted Answer

A) mislaid 
B) lost 
C) eminent domain 
D) abandoned 
E) adversely possessed 
A) mislaid 
B) lost 
C) eminent domain 
D) abandoned 
E) adversely possessed

Question 4

Copyrights protect ideas themselves.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following are estates that do not include the right to possess the property?

Accepted Answer

A) Easements 
B) Profits 
C) Licenses 
D) Easements,profits,and licenses 
E) Easements and profits,but not licenses 
A) Easements 
B) Profits 
C) Licenses 
D) Easements,profits,and licenses 
E) Easements and profits,but not licenses

Question 6

A future interest usually exists in conjunction with a(n)________ or a(n)________.

Accepted Answer

A) fee simple; fee simple absolute 
B) easement; license 
C) life estate; conditional estate 
D) life estate; fee simple absolute 
E) conditional estate; easement 
A) fee simple; fee simple absolute 
B) easement; license 
C) life estate; conditional estate 
D) life estate; fee simple absolute 
E) conditional estate; easement

Question 7

All property that is not land or permanently affixed to land is real property.

Accepted Answer

A) True 
 B)False

Question 8

Reverse engineering is an unlawful way to discover a trade secret.

Accepted Answer

A) True 
 B)False

Question 9

A party may lose registration of a domain name by not using it for more than 30 days.

Accepted Answer

A) True 
 B)False

Question 10

With a life estate,the future owner has an interest in seeing that the life tenant does not ________ the property.

Accepted Answer

A) possess 
B) utilize 
C) improve 
D) waste 
E) repair 
A) possess 
B) utilize 
C) improve 
D) waste 
E) repair

Question 11

Which of the following must be satisfied in order for a patent,other than a design patent,to be granted?

Accepted Answer

A) The object of the patent must be antiquated. 
B) The object of the patent must be non-utilitarian. 
C) The object of the patent must be obvious. 
D) The object of the patent must be non-obvious. 
E) The object of the patent must be novel,useful,and nonobvious. 
A) The object of the patent must be antiquated. 
B) The object of the patent must be non-utilitarian. 
C) The object of the patent must be obvious. 
D) The object of the patent must be non-obvious. 
E) The object of the patent must be novel,useful,and nonobvious.

Question 12

Describe the procedure for trademark registration,including what the applicant should do when requesting registration and what the government should do in response to the registration request.Additionally,identify the circumstances under which a trademark will not be accepted for registration.

Accepted Answer

Trademarks are registered with the Unite

Question 13

________ property consists of the fruits of one's mind.

Accepted Answer

A) Tangible 
B) Real 
C) Intellectual 
D) Personal 
E) Subliminal 
A) Tangible 
B) Real 
C) Intellectual 
D) Personal 
E) Subliminal

Question 14

The owner of a ________ possesses the same interest as the owner of a fee simple absolute,except that this interest is subject to a condition that may result in termination of the interest.

Accepted Answer

A) conditional estate 
B) life estate 
C) leasehold estate 
D) future interest 
E) fee simple absolute 
A) conditional estate 
B) life estate 
C) leasehold estate 
D) future interest 
E) fee simple absolute

Question 15

A license is a right to use another's property that is both ________ and ________.

Accepted Answer

A) a life estate; a fee simple absolute 
B) an easement; a profit 
C) unconditional; irrevocable 
D) temporary; revocable 
E) permanent; irrevocable 
A) a life estate; a fee simple absolute 
B) an easement; a profit 
C) unconditional; irrevocable 
D) temporary; revocable 
E) permanent; irrevocable

Question 16

Discuss the property rights of the owner of a fee simple absolute in land,including what interests,if any,the owner has beyond the right to use the surface of the property.

Accepted Answer

With regard to estates in land,a fee sim

Question 17

Once a trademark is registered,when must it be initially renewed?

Accepted Answer

A) Between the first and second years 
B) Between the second and third years 
C) Between the third and fourth years 
D) Between the fourth and fifth years 
E) Between the fifth and sixth years 
A) Between the first and second years 
B) Between the second and third years 
C) Between the third and fourth years 
D) Between the fourth and fifth years 
E) Between the fifth and sixth years

Question 18

A copyrighted work that is reproduced with the appropriate notice affixed is protected for ten years and is subject to indefinite renewal by the copyright holder.

Accepted Answer

A) True 
 B)False

Question 19

What is the first-level domain of a government site?

Accepted Answer

A) .gov 
B) .net 
C) .org 
D) .com 
E) United States 
A) .gov 
B) .net 
C) .org 
D) .com 
E) United States

Question 20

A patent protects a product,process,invention,machine,or a(n)________.

Accepted Answer

A) trademark 
B) copyright 
C) plant produced by asexual reproduction 
D) book that has not yet been submitted for copyright protection 
E) idea 
A) trademark 
B) copyright 
C) plant produced by asexual reproduction 
D) book that has not yet been submitted for copyright protection 
E) idea

Exam 8: Real, Personal, and Intellectual Property

Which of the following is an incorrect statement regarding property interests in Vietnam?

Property that the original owner has discarded is ________ property.

Copyrights protect ideas themselves.

Which of the following are estates that do not include the right to possess the property?

A future interest usually exists in conjunction with a(n)________ or a(n)________.

All property that is not land or permanently affixed to land is real property.

Reverse engineering is an unlawful way to discover a trade secret.

A party may lose registration of a domain name by not using it for more than 30 days.

With a life estate,the future owner has an interest in seeing that the life tenant does not ________ the property.

Which of the following must be satisfied in order for a patent,other than a design patent,to be granted?

Describe the procedure for trademark registration,including what the applicant should do when requesting registration and what the government should do in response to the registration request.Additionally,identify the circumstances under which a trademark will not be accepted for registration.

________ property consists of the fruits of one's mind.

The owner of a ________ possesses the same interest as the owner of a fee simple absolute,except that this interest is subject to a condition that may result in termination of the interest.

A license is a right to use another's property that is both ________ and ________.

Discuss the property rights of the owner of a fee simple absolute in land,including what interests,if any,the owner has beyond the right to use the surface of the property.

Once a trademark is registered,when must it be initially renewed?

A copyrighted work that is reproduced with the appropriate notice affixed is protected for ten years and is subject to indefinite renewal by the copyright holder.

What is the first-level domain of a government site?

A patent protects a product,process,invention,machine,or a(n)________.

An Introduction to the Fundamentals of Dynamic Business Law

Business Ethics and Social Responsibility

The Uslegal System and Alternative Dispute Resolution

Administrative Law

Constitutional Law

Criminal Law and Business

Tort Law

Introduction to Contracts and Agreement

Consideration

Capacity and Legality

Reality of Assent

Contracts in Writing and Third-Party Contracts

Discharge and Remedies

Formation and Performance of Sales and Lease Contracts

Sales and Lease Contracts: Performance, Warranties, and Remedies

Negotiable Instruments: Negotiability and Transferability

Holder in Due Course, Liability, and Defenses

Secured Transactions and Bankruptcy

Agency and Liability to Third Parties

Forms of Business Organization

Corporations: Formation and Organization

Securities Regulation

Employment and Discrimination Law

Consumer Law

Filters

A future interest usually exists in conjunction with a(n) or a(n).

A license is a right to use another's property that is both and .