BCOR 2301 FINAL EXAM QUESTIONS WITH VERIFIED SOLUTIONS LATEST UPDATE 2026

BCOR 2301 FINAL EXAM QUESTIONS WITH VERIFIED SOLUTIONS LATEST UPDATE 2026 Intellectual property - Answers any property resulting from intellectual and creative purpose (books, computer files, mobile apps, movies, music) Trademark - Answers A distinctive word, symbol, or design that identifies the manufacturer as the source of particular goods and distinguishes its products from those made or sold by others. Lanham Act of 1946 - Answers federal statute enacted in part to protect companies from losing business to rival companies that use confusingly similar trademarks Federal Trademark Dilution Act (FTDA) - Answers amendment to lanham act of 1946 which allows trademark owners to bring a lawsuit in federal court for trademark dilution Dilution - Answers unauthorized use of a distinctive and famous mark (or a similar mark) in a way that weakens the marks distinctiveness or harms its reputation. Trademark Registration - Answers register the mark with the u.s. patent and trademark office a mark can be registered if - Answers (1) it is currently in commerce (2) the applicant intends to put the mark into commerce w.i. 6 months renewal of trademark registration - Answers -renewable between fish and sixth years after initial registration -every 10 years thereafter infringement - Answers when someone else uses the registered trademark in its entirety or copies it to a substantial degree, intentionally or unintentionally without authorization. successful claim for trademark infringement - Answers plaintiff must show defendants use of the mark created a likelihood of confusion about the origin of the defendants goods or services injunction - Answers court order that restrains a person from committing an act which infringes upon the legal rights of another person fanciful trademarks - Answers Involve invented words Ex: Xerox, Kleenex, Google, Qdoba Arbitrary trademarks - Answers involve common words not ordinarily associated with the product Suggestive Trademarks - Answers bring to mind something about a product without describing the product directly Generic Terms - Answers Terms that refer to an entire class of products are not entitled to protection, even if they acquire secondary meaning Secondary Meaning (Trademarks) - Answers descriptive terms, geographic terms, personal names, and color schemes are not initially distinctive and do not get registered until customers associate them with specific terms made by a particular company. service mark - Answers mark used to distinguish the services of one person or company from those of another. Certification Mark - Answers mark used by persons other than owner, to certify quality, materials, mode of manufacture, or other characteristic of specific goods or services Collective Mark - Answers A mark used by members of a group or organization to certify certain characteristics of goods or service trade dress - Answers image and overall appearance of a product that is protected by trademark law. counterfeit goods - Answers goods that copy or otherwise imitate trademark goods but are not genuine (knockoff) trade name - Answers name that refers to all or part of a business name to identify itself and its brand license - Answers agreement by the owner of intellectual property to permit another party to use a trademark, copyright, patent, trade secret, or other forms of intellectual property for certain limited purpose licensor - Answers party that owns the intellectual property rights and issues the license licensee - Answers party that obtains the license from the licensor patent - Answers a property right granted by federal government that give and inventor exclusive right to make, use, and sell and invention in the u.s. for a limited time America Invents Act (2011) - Answers First person to file an application for a patent on a product or process will receive patent protection NOT first person who obtains actual patent. 9 month statute of limitation from time patent application is filed to bring suit for patent infringement. Patents for inventions - Answers 20 year protection from filling date Patents for designs - Answers 14 years of protection from filing date patent infringement - Answers a tort whereby a firm makes, uses, or sells anothers patented design, product, or process without the patent owners permission copyright - Answers intangible property right granted by federal statute to author or originator of certain literary or artistic productions. Copyright Act of 1976 - Answers works created after january 1, 1978 are automatically given copyright protection for the life of the author plus 70 years copyright infringement - Answers whenever the form or expression of an idea is copied fair use exception - Answers provides and exception to liability for copyright infringement trade secret - Answers formula, device, idea, process, or other information used in a business that gives the owner a competitive advantage in the marketplace employment at will - Answers common law doctrine which allows either party (employer or employee) to end employment relationship at anytime for any reason implied employment contract - Answers a contract that is inferred or implied between employer and employee even though no written employment contract exists