Question 1

Misappropriation is the conversion of a trade secret.

Accepted Answer

A) True 
 B)False  True

Question 2

Design patents extend for a 15-year period.

Accepted Answer

A) True 
 B)False  True

Question 3

All WTO members follow the 20-year period of patent protection.

Accepted Answer

A) True 
 B)False  True

Question 4

Trademark protection lasts for 17 years.

Accepted Answer

A) True 
 B)False

Question 5

Louis Vuitton is a manufacturer of luggage,purses,wallets,and briefcases and is internationally known for its classic LV design on its products.Vuitton has authorized two U.S.importers to handle its products with the caveat that the products are to be sold only in the finer department stores and Vuitton-authorized dealers and franchises.One dealer has been selling the Vuitton products at substantial discounts to a wholesaler in the Los Angeles garment district.Discuss Vuitton's rights in this situation.

Accepted Answer

The answer of Louis Vuitton is a manufacturer of luggage,purses,wallets,and...

Question 6

Which of the following is a generic term?

Accepted Answer

A)  Honey Maid graham crackers
B)  Nintendo video games
C)  cola
D)  Jell-O brand gelatin

Question 7

The Digital Millennium Copyright Act imposes liability for the creation of programs that circumvent encoded copyrighted materials.

Accepted Answer

A) True 
 B)False

Question 8

Trademark registration in the United States is good only in the United States.

Accepted Answer

A) True 
 B)False

Question 9

Software copyrights cover the underlying programs of the software.

Accepted Answer

A) True 
 B)False

Question 10

Copying an article from a computer science journal that sells subscriptions and then distributing it to 25 employees at your company:

Accepted Answer

A)  would be fair use.
B)  would be copyright infringement.
C)  would not be copyright infringement unless you charged the employees for the copies.
D)  none of the above

Question 11

The Industrial Espionage Act applies to all company information taken without permission.

Accepted Answer

A) True 
 B)False

Question 12

Corporations cannot hold copyrights.

Accepted Answer

A) True 
 B)False

Question 13

The Supreme Court has held that developing a method for creating something that exists in nature ___ protected by patent laws.

Accepted Answer

A)  is
B)  is not
C)  cannot
D)  should not

Question 14

Yanni's Yachts has created a specially designed awning for its boats.Yanni's did not patent the awning.Dream Boats purchased one of Yanni's boats and then copied the awning from the boat it purchased from Yanni.

Accepted Answer

A)  Dream Boats has appropriated a trade secret.
B)  Dream Boats has appropriated a patent because a patent need not be registered to be valid.
C)  Dream Boats has misappropriated Yanni's awnings.
D)  none of the above

Question 15

There can be infringement of patents,copyrights,trademarks,trade names and trade dress.

Accepted Answer

A) True 
 B)False

Question 16

Chicago Roller Skate has purchased an inexpensive indoor rollerskate from a Taiwanese manufacturer.Brookfield Athletic Shoes alleges that its patent for its unique wheel plate is infringed by the Taiwanese model.Discuss the issues of infringement as well as the issues of international protections of patented products.

Accepted Answer

The answer of Chicago Roller Skate has purchased an inexpensive...

Question 17

Palming off is a tort in which one company sells its imitation product by leading buyers to believe it is a different product or the "real thing."

Accepted Answer

A) True 
 B)False

Question 18

In a raid of a Chinese factory,inspectors found 2,000 fake Gucci eyeglasses.What are Gucci's rights?​

Accepted Answer

A)  ​Gucci can obtain an injunction against the factory to halt production.
B)  ​Gucci is entitled to damages from whatever sunglasses have already been sold.
C)  This is copyright infringement.
D)  both a and b
E)  all of the above

Question 19

Patents are a 20-year legal monopoly.

Accepted Answer

A) True 
 B)False

Question 20

GATT requires patent protection for 50 years.

Accepted Answer

A) True 
 B)False

Exam 15: Business and Intellectual Property Law

Misappropriation is the conversion of a trade secret.

Design patents extend for a 15-year period.

All WTO members follow the 20-year period of patent protection.

Trademark protection lasts for 17 years.

Which of the following is a generic term?

The Digital Millennium Copyright Act imposes liability for the creation of programs that circumvent encoded copyrighted materials.

Trademark registration in the United States is good only in the United States.

Software copyrights cover the underlying programs of the software.

Copying an article from a computer science journal that sells subscriptions and then distributing it to 25 employees at your company:

The Industrial Espionage Act applies to all company information taken without permission.

Corporations cannot hold copyrights.

The Supreme Court has held that developing a method for creating something that exists in nature ___ protected by patent laws.

Yanni's Yachts has created a specially designed awning for its boats.Yanni's did not patent the awning.Dream Boats purchased one of Yanni's boats and then copied the awning from the boat it purchased from Yanni.

There can be infringement of patents,copyrights,trademarks,trade names and trade dress.

Palming off is a tort in which one company sells its imitation product by leading buyers to believe it is a different product or the "real thing."

In a raid of a Chinese factory,inspectors found 2,000 fake Gucci eyeglasses.What are Gucci's rights?​

Patents are a 20-year legal monopoly.

GATT requires patent protection for 50 years.

In a raid of a Chinese factory,inspectors found 2,000 fake Gucci eyeglasses.What are Gucci's rights?