Unit 6 Property Law Test Questions
and Answers
Computers, cars, bikes, boats - Answer-Examples of personal property
Intangible work or invention of human intellect that the law protects from
unauthorised use by others such as trademark, copyright, patent, and trade secrets -
Answer-Intellectual property
True or False: Intellectual property should be given the same protective rights as
physical property especially with how technologically advantaged our world is today -
Answer-True
Legally registered symbol, work, or mark that is used for representing a company or
product - Answer-Trademark
The way to protect artists, composers, or author's original work - Answer-Copyright
Copyrights are good for life plus ___ years after they have passed. - Answer-70
A document that grants exclusive rights to an invention, from making, selling, and
using - Answer-Patent
True or False: Patents are good for 15 years - Answer-False. 20
Classified and confidential information within a company and it is illegal to share
these with competitors - Answer-Trade secrets
Property law is controlled by each ___ and each ___ has their own system for
ownership and transfer of property - Answer-State
True or False: The ways to acquire property are inheritance, ownership by findings
or occupancy, purchasing, and gift - Answer-True
Any type of property can be bought or even sold by contract - Answer-Purchasing
The owner can transfer ownership but legally the owner of it must have intent and
delivery and the person receiving it must accept the offer - Answer-Gift
____ is an example of a conditional gift - Answer-Engagement ring
Obtaining property from family, friends, or significant other. This is not enough and
there needs to be proper transfer of the titles into the person's name as well -
Answer-Inheritance
and Answers
Computers, cars, bikes, boats - Answer-Examples of personal property
Intangible work or invention of human intellect that the law protects from
unauthorised use by others such as trademark, copyright, patent, and trade secrets -
Answer-Intellectual property
True or False: Intellectual property should be given the same protective rights as
physical property especially with how technologically advantaged our world is today -
Answer-True
Legally registered symbol, work, or mark that is used for representing a company or
product - Answer-Trademark
The way to protect artists, composers, or author's original work - Answer-Copyright
Copyrights are good for life plus ___ years after they have passed. - Answer-70
A document that grants exclusive rights to an invention, from making, selling, and
using - Answer-Patent
True or False: Patents are good for 15 years - Answer-False. 20
Classified and confidential information within a company and it is illegal to share
these with competitors - Answer-Trade secrets
Property law is controlled by each ___ and each ___ has their own system for
ownership and transfer of property - Answer-State
True or False: The ways to acquire property are inheritance, ownership by findings
or occupancy, purchasing, and gift - Answer-True
Any type of property can be bought or even sold by contract - Answer-Purchasing
The owner can transfer ownership but legally the owner of it must have intent and
delivery and the person receiving it must accept the offer - Answer-Gift
____ is an example of a conditional gift - Answer-Engagement ring
Obtaining property from family, friends, or significant other. This is not enough and
there needs to be proper transfer of the titles into the person's name as well -
Answer-Inheritance
