GBA Chapter 3 exam with correct answers

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GBA Chapter 3 exam with correct answers

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2024/2025

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GBA Chapter 3 exam with correct answers

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GBA Chapter 3 exam with correct answers

AccordingtotheSEC,therearealmost500civilenforcementactionseachyearagainstindividualsandcompanies
thatbreaksecuritieslaws.Insidertradingisoneofthemostcommonlawsbroken.-✔✔True

MarthaStewartactedonatipthatsheknewbreachedherbroker'sduty.-✔✔True

Designpatentsarelimitedto_years.-✔✔15

TheTexasUniformTradeSecretactoutlinesafourteenpointtestthattheTexascourtsmustconsiderbeforeexclu
dingaparty'srepresentativeatanystageoftheproceedings.-✔✔False

Generally,ahairconditionerformulacanbeatradesecret.-✔✔True

ThefederalandTexascourtshaveexcludedprivilegedinformationastradesecretswhentheinformationisgene
rallyknownoutsidethecorporation,orwhentheintellectualpropertyofanemployee(talents,skillsandabilities
),ortheinformationcanbeeasilyorquicklyreproducedoutsidethecorporation.-✔✔True

The__overseestrading.-✔✔SecuritiesandExchangeCommission

The"PropertyRights"argumentisaphilosophybasedonemployeesowningtheirlabor.-✔✔True

Wexlerv.Greenberg(1960),whichinvolvedachemist'suseofhisdiscoveriesaboutfloorwaxesandcleaners,est
ablishedthat-
✔✔Itislegitimateforanemployeetouseinnewemploymentdiscoveriesfoundastheresultofroutineapplicatio
nofhisorherskillinapreviousposition

UnitedStatesv.SazonovApril13,2017TheU.S.governmentinDistrictCourtallegedthatSazonovattemptedtost
ealavaluableproprietarycomputercodesthattookhisemployeryearstodevelop.-✔✔True

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Uploaded on: June 18, 2025
Number of pages: 1
Written in: 2024/2025
Type: Exam (elaborations)
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