P a g e |1
BUSA EXAM 2|| BUSA EXAM 2 PERRY BINDER
GSU EXAM ALL QUESTIONS AND 100% CORRECT
ANSWERS ALREADY GRADED A+|| LATEST AND
COMPLETE VERSION 2024-2025 WITH EXPERT
VERIFIED SOLUTIONS|| ASSURED PASS!!!
Elements of an express contract (6) - ANSWER> 1. Offer (offeror/Offeree)
2. Acceptance
3. Consideration
4. Capacity
5. Legality
6. Intent
Common law (cases) and statues (laws) - ANSWER> Contract law is derived from
what two things?
95 years from date of publication, or 120 years from date of creation - ANSWER>
How long do copyrights lasts for "work for hire" or "anonymous work"?
If it is something invention then patent if it is something like a game then copyright
- ANSWER> protecting software? copyright? patent?
patent - ANSWER> A document granting an inventor sole rights to an invention.
utility (patent) - ANSWER> non-obvious, novel, useful INVENTION
-______ may be granted to anyone who invents or discovers any new and useful
process, machine, article of manufacture, or composition of matter, or any new and
useful improvement thereof
, P a g e |2
*20 years*
plant (patent) - ANSWER> A-sexually reproduced & distinct in order to get
patent. You have to be involved in the conception stage to get ownership
*20 years*
design (patent) - ANSWER> ornamental, Unique appearance or design of
manufactured objects
*lasts 14 years from date you apply*
application process (patent) - ANSWER> Very difficult
-claims section: where you claim what your invention does. (MOST IMPORTANT
PART)
-Patent pending: has not been granted yet.
-Lasts 20 years (Design lasts 14), 338 from the date of application not date granted.
*Trade secrets* - ANSWER> defined: recipe; *last forever* as long as it is a
secret, a secret device or technique used by a company in manufacturing its
products. ex: coca cola
how long trademarks last - ANSWER> they last forever IF you use it in commerce
AND renew it.
---trade names; logos ; slogans; and trade dress
trademarks protect - ANSWER> trade names; logos.(can copyright your logo too)
slogans, and trade dress (how you package a product)
, P a g e |3
trademarks - ANSWER> These typically protect corporate logos and product
names, The name of the famous shoe brand "Nike" is protected by which of the
following intellectual property schemes?
copyrights - ANSWER> author last life plus 70 years,work for hire- 95 years from
date of publication, 120 years from date created
utility, plant - ANSWER> patents that last 20 years
levels of protection - ANSWER> 1 common law
2 state
3 federal
4 international
(1 levels of protection) common law - ANSWER> As long as you use it. you're
using your name in commerce, not registered but still used in business *(uses TM
and SM*)
(2 levels of protection) state - ANSWER> you cant apply for a trademark until
you're actually in business doing business. (*uses TM and SM*). File in Secretary
of States office - renewable every *10 *years
( levels of protection 3) - ANSWER> covers the whole country. R. $375
~renewable every 10 years
~Intent to use (not at state level): you can apply for a fed trademark b4 being in
business if use it/ in business within 6 months.
®,TM product, SM service.
BUSA EXAM 2|| BUSA EXAM 2 PERRY BINDER
GSU EXAM ALL QUESTIONS AND 100% CORRECT
ANSWERS ALREADY GRADED A+|| LATEST AND
COMPLETE VERSION 2024-2025 WITH EXPERT
VERIFIED SOLUTIONS|| ASSURED PASS!!!
Elements of an express contract (6) - ANSWER> 1. Offer (offeror/Offeree)
2. Acceptance
3. Consideration
4. Capacity
5. Legality
6. Intent
Common law (cases) and statues (laws) - ANSWER> Contract law is derived from
what two things?
95 years from date of publication, or 120 years from date of creation - ANSWER>
How long do copyrights lasts for "work for hire" or "anonymous work"?
If it is something invention then patent if it is something like a game then copyright
- ANSWER> protecting software? copyright? patent?
patent - ANSWER> A document granting an inventor sole rights to an invention.
utility (patent) - ANSWER> non-obvious, novel, useful INVENTION
-______ may be granted to anyone who invents or discovers any new and useful
process, machine, article of manufacture, or composition of matter, or any new and
useful improvement thereof
, P a g e |2
*20 years*
plant (patent) - ANSWER> A-sexually reproduced & distinct in order to get
patent. You have to be involved in the conception stage to get ownership
*20 years*
design (patent) - ANSWER> ornamental, Unique appearance or design of
manufactured objects
*lasts 14 years from date you apply*
application process (patent) - ANSWER> Very difficult
-claims section: where you claim what your invention does. (MOST IMPORTANT
PART)
-Patent pending: has not been granted yet.
-Lasts 20 years (Design lasts 14), 338 from the date of application not date granted.
*Trade secrets* - ANSWER> defined: recipe; *last forever* as long as it is a
secret, a secret device or technique used by a company in manufacturing its
products. ex: coca cola
how long trademarks last - ANSWER> they last forever IF you use it in commerce
AND renew it.
---trade names; logos ; slogans; and trade dress
trademarks protect - ANSWER> trade names; logos.(can copyright your logo too)
slogans, and trade dress (how you package a product)
, P a g e |3
trademarks - ANSWER> These typically protect corporate logos and product
names, The name of the famous shoe brand "Nike" is protected by which of the
following intellectual property schemes?
copyrights - ANSWER> author last life plus 70 years,work for hire- 95 years from
date of publication, 120 years from date created
utility, plant - ANSWER> patents that last 20 years
levels of protection - ANSWER> 1 common law
2 state
3 federal
4 international
(1 levels of protection) common law - ANSWER> As long as you use it. you're
using your name in commerce, not registered but still used in business *(uses TM
and SM*)
(2 levels of protection) state - ANSWER> you cant apply for a trademark until
you're actually in business doing business. (*uses TM and SM*). File in Secretary
of States office - renewable every *10 *years
( levels of protection 3) - ANSWER> covers the whole country. R. $375
~renewable every 10 years
~Intent to use (not at state level): you can apply for a fed trademark b4 being in
business if use it/ in business within 6 months.
®,TM product, SM service.
