A restaurant manager created a new method to cook French fries. Which one of the
following describes how the restaurant manager can protect his intellectual property
rights?
Select one:
A. By registering a trade secret with the state.
B. By claiming part ownership in the restaurant
C. By obtaining a patent
D. By filing a copyright notice
Give this one a try later!
C. By obtaining a patent. The restaurant manager can protect his
intellectual property rights by obtaining a patent. A patent applies to a new,
useful, nonobvious invention.
,Cathy left a bracelet at a jeweler for repair and was given a receipt with the statement,
"This establishment is not responsible for loss or damage to any item left in its
possession." Which one of the following does the statement on the receipt represent?
Select one:
A. Assumption of risk
B. Comparative negligence
C. A hold harmless agreement
D. An exculpatory clause
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D. An exculpatory clause
Magnus met with his insurance agent Larissa to obtain auto insurance. After discussing
Magnus' needs, Larissa submitted an application to Barnley Insurance Co., signed by
Magnus, requesting $100,000 in liability coverage, and comprehensive and collision
coverage with a $100 deductible. Barnley issued the policy, but with $25,000 liability
limits and without comprehensive and collision coverage. Barnley's action was
Select one:
A. An offer.
B. A solicitation of an offer.
C. An acceptance.
D. A counteroffer.
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D. A counteroffer.
A special characteristic of an insurance policy is that it is a nontransferable contract.
This principle means that insureds may not transfer or assign their insurance policies
Select one:
, A. Under any circumstances.
B. Except when directed to do so by the insurer.
C. Unless the insurer agrees to the assignment.
D. Except at expiration of the policy.
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C. Unless the insurer agrees to the assignment.
Vladimir and Chin are neighbors and would like to enter into a contract to equally
share in the cost to construct a new block wall between their houses. Vladimir
contacts a contractor who provides a bid and he asks Chin to sign off on it. Chin
refuses. Vladimir becomes upset and threatens to sue Chin if he does not sign off.
Reluctantly, Chin signs. Is this a voidable contract?
Select one:
A. Yes, because Vladimir exercised undue influence over Chin who became fearful of
Vladimir.
B. Yes, because Vladimir's relationship with Chin was such that Chin was compelled to
sign.
C. No, because all four of the elements of an enforceable contract remain intact.
D. No, because threat of a lawsuit is not considered sufficient to deprive Chin of his
free will.
Give this one a try later!
D. No, because threat of a lawsuit is not considered sufficient to deprive
Chin of his free will.
The act of leaving a dangerous article such as a gun or car with a person who the
lender knows, or should know, is likely to use it in an unreasonably risky manner is
known as
Select one:
A. Negligent entrustment.
following describes how the restaurant manager can protect his intellectual property
rights?
Select one:
A. By registering a trade secret with the state.
B. By claiming part ownership in the restaurant
C. By obtaining a patent
D. By filing a copyright notice
Give this one a try later!
C. By obtaining a patent. The restaurant manager can protect his
intellectual property rights by obtaining a patent. A patent applies to a new,
useful, nonobvious invention.
,Cathy left a bracelet at a jeweler for repair and was given a receipt with the statement,
"This establishment is not responsible for loss or damage to any item left in its
possession." Which one of the following does the statement on the receipt represent?
Select one:
A. Assumption of risk
B. Comparative negligence
C. A hold harmless agreement
D. An exculpatory clause
Give this one a try later!
D. An exculpatory clause
Magnus met with his insurance agent Larissa to obtain auto insurance. After discussing
Magnus' needs, Larissa submitted an application to Barnley Insurance Co., signed by
Magnus, requesting $100,000 in liability coverage, and comprehensive and collision
coverage with a $100 deductible. Barnley issued the policy, but with $25,000 liability
limits and without comprehensive and collision coverage. Barnley's action was
Select one:
A. An offer.
B. A solicitation of an offer.
C. An acceptance.
D. A counteroffer.
Give this one a try later!
D. A counteroffer.
A special characteristic of an insurance policy is that it is a nontransferable contract.
This principle means that insureds may not transfer or assign their insurance policies
Select one:
, A. Under any circumstances.
B. Except when directed to do so by the insurer.
C. Unless the insurer agrees to the assignment.
D. Except at expiration of the policy.
Give this one a try later!
C. Unless the insurer agrees to the assignment.
Vladimir and Chin are neighbors and would like to enter into a contract to equally
share in the cost to construct a new block wall between their houses. Vladimir
contacts a contractor who provides a bid and he asks Chin to sign off on it. Chin
refuses. Vladimir becomes upset and threatens to sue Chin if he does not sign off.
Reluctantly, Chin signs. Is this a voidable contract?
Select one:
A. Yes, because Vladimir exercised undue influence over Chin who became fearful of
Vladimir.
B. Yes, because Vladimir's relationship with Chin was such that Chin was compelled to
sign.
C. No, because all four of the elements of an enforceable contract remain intact.
D. No, because threat of a lawsuit is not considered sufficient to deprive Chin of his
free will.
Give this one a try later!
D. No, because threat of a lawsuit is not considered sufficient to deprive
Chin of his free will.
The act of leaving a dangerous article such as a gun or car with a person who the
lender knows, or should know, is likely to use it in an unreasonably risky manner is
known as
Select one:
A. Negligent entrustment.
