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C713 - Business Law - Unit 4 Learning Checks, Quizzes and Sample Questions and Correct Verified Answers

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C713 - Business Law - Unit 4 Learning Checks, Quizzes and Sample Questions and Correct Verified Answers C713 - Business Law - Unit 4 Learning Checks, Quizzes and Sample Questions and Correct Verified Answers

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C713 - Business Law - Unit 4 Learning Checks, Quizzes and
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What is intellectual property an example of? C


A. Real property
B. Movable Property
C. Intangible property
D. Tangible property


When does a patent enter the public domain? C


A. When the patent has been challenged in court and
found to be an infringement
B. When the invention is either obvious or not a novel one
C. When the patent term period has expired
D. When the government deems that the practical
purpose of the invention is universally applicable and
cannot be controlled by one individual or group of
people


Ren has developed a new model of car that looks B
significantly different from other cars on the market;
however, it works in the same way. What type of patent
should Ren apply for?


A. Plant patent
B. Design patent
C. Utility patent
D. Nonobvious patent

, Eva, Diego, and Lucas are in business together in the A
United States making toys. Lucas invents a new type of
toy, and both Diego and Lucas file for patents within 12
months. However, Diego is the first to file the patent.
Lucas sues Diego for patent infringement.


Legally, who holds the patent rights to the toy?


A. Lucas, because he invented the toy and filed within 12
months
B. Eva, Diego, and Lucas, because they have equal patent
rights
C. Diego, because he was the first to file the patent
D. Lucas and Diego, because they would have joint
patent rights


Sophia invents a smartphone that only works when it is B
plugged in to an outlet.


What element is missing for her idea to be patentable?


A.Novel
B.Useful
C.Nonobvious


To reiterate, copyright is a bundle of intangible rights C
granted by statute to the author or originator of certain
literary or artistic productions, whereby, for a limited
period, the exclusive privilege is given to that person (or
to any party to whom he or she transfers ownership) to
make copies of the same for publication and sale.


What does a copyright give the creator the sole legal
right to?


A.Retain or transfer the application of the ideas
B. Promote or trade on the words
C. Publish and sell the original work
D. Represent or market the conventional ideas


What is a requirement for a work to be copyrighted? C


A. It must be in the public domain.
B. It must be widely marketed.
C. It must be in a fixed medium.
D. It must be tangible, like a book.

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