BOEING LEES WEEK #14 FINAL EXAM
QUESTIONS WITH COMPLETE
ANSWERS
Fair use - Answer-One of the exceptions to copyright protection; permits limited use
of copyright material.
Internet Corporation for Assigned Names and Numbers (ICANN) - Answer-Process
of registering sites and domain names that are deceptively or confusingly similar to
existing names, trade names, and trademarks. WRONG
Organization that registers domain names for purposes of protection of those names
and intellectual property.
Knock-Off Goods - Answer-Goods manufactured by someone rather than the
trademark or trade name holder without authorization
Grey Market - Answer-Market in which trade name goods are sold through
unauthorized dealers or without authorization from the owner of the trade name.
Trade Libel - Answer-Written Defamation of a business.
Madrid agreement - Answer-In international law, 1891 multilateral treaty for
protection of trademarks that permits registration and protection through a
centralized registrar in Geneva.
Creditors' rights and personal property- Enforcing a security interest - Answer-Debtor
must be in default.
Creditor may repossess without court action so long as there is no breach of the
peace.
What can a Business Own? Personal Property: The Intangible or Intellectual Kind -
Answer-Patents, copyrights, trademarks, trade names, trade dress
Intangible property: Has value in its rights.
Protection for Business Intellectual Property- Patents - Answer-Seventeen-year legal
monopoly on products, processes, or machines with GATT; now 20 years.
Exclusive rights to profits
Must be nonobvious, novel, and useful
Selling the idea without consent constitutes infringement.
Copyrights - Answer-Protects authors of books, magazine articles, plays, movies,
songs, dances, photographs.
Runs for lifetime of author plus seventy years.
For material created while employed, copyright runs 120 years from the time of
creation or 95 years from publication of the work, whichever is shorter.
, What can a Business own? - Answer-Personal property: The tangible kinds
Types of personal property - Answer-Fleet vehicles, machinery, office equipment.
Transfer of Personal property - Answer-Documents of title
Bills of sale
Lease - Answer-Right of posessions
Bailments- Right of Possession- parties - Answer-Bailor- property owner
Bailee- poperty posessor
Bailments- Right of Possession- requirements - Answer-Property possession
transferred
Intent to create a bailment:
Examples: valet parking, leasing in-line skates, coat check.
Bailments- Right of Possession- Liability - Answer-Bailee liable for damages until
return.
Bailor must be certain property is in good condition.
Creditors' rights and personal property- Take security interest (lien) in personal
property - Answer-Also called a chattel mortgage or collateral.
Governed by Article IX of the Uniform Commercial Code (UCC)
Creditors' rights and personal property- Creation of security interest - Answer-
Security agreement
Possession or some other perfection of the interest requires: 1. possession- creditor
can waive security agreement. 2. perfection by filing- each state's rule are different
but all require some public filing of a document (fie a financing statement)
Sonny bono Copyright Term Extension Act (CTEA) - Answer-Sponsored by the late
Sonny Bono
resulted from public appeal of Mickey Mouse loosing its copyright.
Constitution prohibits granting copyright protection in perpetuity.
Copyrights- Music - Answer-Song plays controlled by the American Society of
Composers, Authors and Publishers (ASCAP) and Broadcast Music, Inc. (BMI)
1. Songwriters register here.
2. Users pay fee for each use.
2. royalties distributed to writers.
Copyrights - Answer-Automatically a copyright but no suits can be filed until the
copyright office is given a copy.
Damages include profits, costs, attorney's fees.
Copyrights- Technology has created new issues. - Answer-1. Copyright may not be
for profit.
QUESTIONS WITH COMPLETE
ANSWERS
Fair use - Answer-One of the exceptions to copyright protection; permits limited use
of copyright material.
Internet Corporation for Assigned Names and Numbers (ICANN) - Answer-Process
of registering sites and domain names that are deceptively or confusingly similar to
existing names, trade names, and trademarks. WRONG
Organization that registers domain names for purposes of protection of those names
and intellectual property.
Knock-Off Goods - Answer-Goods manufactured by someone rather than the
trademark or trade name holder without authorization
Grey Market - Answer-Market in which trade name goods are sold through
unauthorized dealers or without authorization from the owner of the trade name.
Trade Libel - Answer-Written Defamation of a business.
Madrid agreement - Answer-In international law, 1891 multilateral treaty for
protection of trademarks that permits registration and protection through a
centralized registrar in Geneva.
Creditors' rights and personal property- Enforcing a security interest - Answer-Debtor
must be in default.
Creditor may repossess without court action so long as there is no breach of the
peace.
What can a Business Own? Personal Property: The Intangible or Intellectual Kind -
Answer-Patents, copyrights, trademarks, trade names, trade dress
Intangible property: Has value in its rights.
Protection for Business Intellectual Property- Patents - Answer-Seventeen-year legal
monopoly on products, processes, or machines with GATT; now 20 years.
Exclusive rights to profits
Must be nonobvious, novel, and useful
Selling the idea without consent constitutes infringement.
Copyrights - Answer-Protects authors of books, magazine articles, plays, movies,
songs, dances, photographs.
Runs for lifetime of author plus seventy years.
For material created while employed, copyright runs 120 years from the time of
creation or 95 years from publication of the work, whichever is shorter.
, What can a Business own? - Answer-Personal property: The tangible kinds
Types of personal property - Answer-Fleet vehicles, machinery, office equipment.
Transfer of Personal property - Answer-Documents of title
Bills of sale
Lease - Answer-Right of posessions
Bailments- Right of Possession- parties - Answer-Bailor- property owner
Bailee- poperty posessor
Bailments- Right of Possession- requirements - Answer-Property possession
transferred
Intent to create a bailment:
Examples: valet parking, leasing in-line skates, coat check.
Bailments- Right of Possession- Liability - Answer-Bailee liable for damages until
return.
Bailor must be certain property is in good condition.
Creditors' rights and personal property- Take security interest (lien) in personal
property - Answer-Also called a chattel mortgage or collateral.
Governed by Article IX of the Uniform Commercial Code (UCC)
Creditors' rights and personal property- Creation of security interest - Answer-
Security agreement
Possession or some other perfection of the interest requires: 1. possession- creditor
can waive security agreement. 2. perfection by filing- each state's rule are different
but all require some public filing of a document (fie a financing statement)
Sonny bono Copyright Term Extension Act (CTEA) - Answer-Sponsored by the late
Sonny Bono
resulted from public appeal of Mickey Mouse loosing its copyright.
Constitution prohibits granting copyright protection in perpetuity.
Copyrights- Music - Answer-Song plays controlled by the American Society of
Composers, Authors and Publishers (ASCAP) and Broadcast Music, Inc. (BMI)
1. Songwriters register here.
2. Users pay fee for each use.
2. royalties distributed to writers.
Copyrights - Answer-Automatically a copyright but no suits can be filed until the
copyright office is given a copy.
Damages include profits, costs, attorney's fees.
Copyrights- Technology has created new issues. - Answer-1. Copyright may not be
for profit.
