Question 1

Copyrights owned by businesses are protected for 95 years from the year of first publication.

Accepted Answer

A) True 
 B)False

Question 2

A provisional application for a patent gives an inventor three months to prepare a final patent application.

Accepted Answer

A) True 
 B)False

Question 3

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

Accepted Answer

A) True 
 B)False

Question 4

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 5

A mark that indicates that a person has met the standards set by an organization and is a member of that organization is known as a(n) ________ mark.

Accepted Answer

A)  collective membership 
B)  certification 
C)  service 
D)  ownership 
A)  collective membership 
B)  certification 
C)  service 
D)  ownership

Question 6

The trademark symbol "TM" is used to indicate a registered mark.

Accepted Answer

A) True 
 B)False

Question 7

Abstractions and scientific principles cannot be patented unless they are part of the tangible environment.

Accepted Answer

A) True 
 B)False

Question 8

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 9

Copyrights are addressed separately by different state laws.

Accepted Answer

A) True 
 B)False

Question 10

Utility patents for inventions are valid for 20 years.

Accepted Answer

A) True 
 B)False

Question 11

According to the public use doctrine for patents, ________.

Accepted Answer

A)  a patent will not be granted if the invention was already in public use for more than a year prior to the filing of the patent application 
B)  an invention cannot be used in the public domain prior to it being granted a patent 
C)  the inventor has to test his invention in the public domain, to measure its validity, before being granted a patent 
D)  the invention will come into the public domain once its term period has expired 
A)  a patent will not be granted if the invention was already in public use for more than a year prior to the filing of the patent application 
B)  an invention cannot be used in the public domain prior to it being granted a patent 
C)  the inventor has to test his invention in the public domain, to measure its validity, before being granted a patent 
D)  the invention will come into the public domain once its term period has expired

Question 12

Which of the following statements is true of patenting a scientific principle?

Accepted Answer

A)  A Patent for a scientific principle has to be applied directly at the U.S. Court of Appeals for the Federal Circuit. 
B)  A scientific principle cannot be patented. 
C)  Patent for a scientific principle has to be applied at the U.S. Patent and Trademark Office. 
D)  A scientific principle can only be patented once a universal consensus has been reached on its validity. 
A)  A Patent for a scientific principle has to be applied directly at the U.S. Court of Appeals for the Federal Circuit. 
B)  A scientific principle cannot be patented. 
C)  Patent for a scientific principle has to be applied at the U.S. Patent and Trademark Office. 
D)  A scientific principle can only be patented once a universal consensus has been reached on its validity.

Question 13

________ is a legal right that gives the author of qualifying subject matter, and who meets other requirements established by law, the exclusive right to publish, produce, sell, license, and distribute the work.

Accepted Answer

A)  Trade secret 
B)  Trademark 
C)  Copyright 
D)  Patent 
A)  Trade secret 
B)  Trademark 
C)  Copyright 
D)  Patent

Question 14

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 15

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

Accepted Answer

A) True 
 B)False

Question 16

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

Accepted Answer

A) True 
 B)False

Question 17

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 18

A competitor can lawfully discover a trade secret by performing reverse engineering.

Accepted Answer

A) True 
 B)False

Question 19

Tangible property is generally much easier to steal than intellectual property rights.

Accepted Answer

A) True 
 B)False

Question 20

Trademarks that have become generic names are protected under federal trademark law.

Accepted Answer

A) True 
 B)False

Exam 7: Intellectual Property and Cyber Piracy

Copyrights owned by businesses are protected for 95 years from the year of first publication.

A provisional application for a patent gives an inventor three months to prepare a final patent application.

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

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

A mark that indicates that a person has met the standards set by an organization and is a member of that organization is known as a(n) ________ mark.

The trademark symbol "TM" is used to indicate a registered mark.

Abstractions and scientific principles cannot be patented unless they are part of the tangible environment.

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.

Copyrights are addressed separately by different state laws.

Utility patents for inventions are valid for 20 years.

According to the public use doctrine for patents, ________.

Which of the following statements is true of patenting a scientific principle?

________ is a legal right that gives the author of qualifying subject matter, and who meets other requirements established by law, the exclusive right to publish, produce, sell, license, and distribute the work.

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.

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

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

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

A competitor can lawfully discover a trade secret by performing reverse engineering.

Tangible property is generally much easier to steal than intellectual property rights.

Trademarks that have become generic names are protected under federal trademark law.

Legal Heritage and the Digital Age

Courts and Jurisdiction

Judicial, Alternative, and E-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

Franchise and Special Forms of Business

Investor Protection and E-Securities Transactions

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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