Question 1

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

Accepted Answer

A) True 
 B)False

Question 2

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

Accepted Answer

A) True 
 B)False

Question 3

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

Question 4

The fair use doctrine for copyrights allows certain limited unauthorized use of copyrighted materials.

Accepted Answer

A) True 
 B)False

Question 5

Non-patented inventions that have been in public use for over a year can still be patented.

Accepted Answer

A) True 
 B)False

Question 6

Uploading copyrighted material to an unauthorized web site by a non-copyright holder would count as an act of copyright infringement under the ________.

Accepted Answer

A) Digital Millennium Copyright Act 
B) Berne Convention Act 
C) Sonny Bono Copyright Term Extension Act 
D) No Electronic Theft Act 
A) Digital Millennium Copyright Act 
B) Berne Convention Act 
C) Sonny Bono Copyright Term Extension Act 
D) No Electronic Theft Act

Question 7

Which of the following types of patents is valid only for a period of 14 years?

Accepted Answer

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

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

A closely guarded formula for a recipe protected by a soft drink manufacturer would be considered as an example of a ________.

Accepted Answer

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

Question 10

The fair use doctrine for copyrights does not allow reproduction of a work in a legislative or judicial proceeding.

Accepted Answer

A) True 
 B)False

Question 11

A ________ is a product formula,pattern,design,compilation of data,customer list,or other covert business information.

Accepted Answer

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

Question 12

The No Electronic Theft Act (NET Act)can be invoked for copyright infringements that do not involve financial gain.

Accepted Answer

A) True 
 B)False

Question 13

For how long is the copyright protection provided to individuals under the Copyright Term Extension Act of 1998?

Accepted Answer

A) Individuals are granted 120 years copyright protection from the year of first publication of the work. 
B) Individuals are granted 95 years copyright protection from the year of creation of the work. 
C) Individuals are granted copyright protection for their lifetime plus 70 years. 
D) Individuals are granted 20 years of copyright protection, after which it has to be renewed for a fee. 
A) Individuals are granted 120 years copyright protection from the year of first publication of the work. 
B) Individuals are granted 95 years copyright protection from the year of creation of the work. 
C) Individuals are granted copyright protection for their lifetime plus 70 years. 
D) Individuals are granted 20 years of copyright protection, after which it has to be renewed for a fee.

Question 14

Distinctive marks are ordinary words or symbols that have acquired special meaning with a product or service.

Accepted Answer

A) True 
 B)False

Question 15

Improvements to existing machines,processes,or compositions of matter cannot be patented.

Accepted Answer

A) True 
 B)False

Question 16

A party has to be a member of an organization to use a certification mark.

Accepted Answer

A) True 
 B)False

Question 17

Copyrights are addressed separately by different state laws.

Accepted Answer

A) True 
 B)False

Question 18

If an invention is obvious,then it does not qualify for a patent.

Accepted Answer

A) True 
 B)False

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

Intellectual property falls into a category of property known as ________.

Accepted Answer

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

Exam 7: Intellectual Property and Cyber Piracy

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

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

"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?

The fair use doctrine for copyrights allows certain limited unauthorized use of copyrighted materials.

Non-patented inventions that have been in public use for over a year can still be patented.

Uploading copyrighted material to an unauthorized web site by a non-copyright holder would count as an act of copyright infringement under the ________.

Which of the following types of patents is valid only for a period of 14 years?

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

A closely guarded formula for a recipe protected by a soft drink manufacturer would be considered as an example of a ________.

The fair use doctrine for copyrights does not allow reproduction of a work in a legislative or judicial proceeding.

A ________ is a product formula,pattern,design,compilation of data,customer list,or other covert business information.

The No Electronic Theft Act (NET Act)can be invoked for copyright infringements that do not involve financial gain.

For how long is the copyright protection provided to individuals under the Copyright Term Extension Act of 1998?

Distinctive marks are ordinary words or symbols that have acquired special meaning with a product or service.

Improvements to existing machines,processes,or compositions of matter cannot be patented.

A party has to be a member of an organization to use a certification mark.

Copyrights are addressed separately by different state laws.

If an invention is obvious,then it does not qualify for a patent.

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

Intellectual property falls into a category of property known as ________.

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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