AIC 301 EXPANDING YOUR CLAIMS
PERSPECTIVE EXAM WITH CORRECT
ACTUAL QUESTIONS AND CORRECTLY
WELL DEFINED ANSWERS LATEST
ALREADY GRADED A+ 2025 - 2026
Intellectual property rights - ANSWERS-The legal
entitlement attached to the expressed form of an idea or of
other intangible subject matter.
Copyright - ANSWERS-The legal right granted by a
government entity to a person or an organization for a
period of years to exclusively own and control an original
written document, piece of music, computer code, or other
forms of expression.
Patent - ANSWERS-The right granted by a government entity
to an inventor or applicant for a limited time period to
exclusively own and control a new, useful, and nonobvious
invention
,Accession - ANSWERS-An increase or addition to property
Confusion - ANSWERS-In property law, the intermingling of
goods belonging to different owners.
Gift - ANSWERS-The voluntary and gratuitous transfer of
property without consideration
Breach of contract - ANSWERS-The failure, without legal
excuse, to fulfill a contractual promise
Offeror - ANSWERS-The party to a contract who promises to
give something in return for a promise or an act by another
party
Offeree - ANSWERS-The party to a contract who makes a
promise or acts in return for something offered by another
party
Uniform Commercial Code (UCC) - ANSWERS-A code of
federal laws that govern commercial transactions in the
United States
,A model code that has been adopted in whole or in part by
each state and whose purpose is to provide a consistent
legal basis for business transactions throughout the United
States and its territories
Bilateral contract - ANSWERS-A contract in which each party
promises a performance
Unilateral contract - ANSWERS-A contract in which only one
party makes a promise or undertakes the requested
performance
Executed contract - ANSWERS-A contract that has been
completely performed by both parties
Executory contract - ANSWERS-A contract that has not been
completely performed by one or both of the parties
Express contract - ANSWERS-A contract whose terms and
conditions are explicitly stated
, Implied contract - ANSWERS-A contract whose terms and
intentions are indicated by the actions of the parties to the
contract and the surrounding circumstances
Implied-in-fact contract - ANSWERS-A contract that is not
express but that the parties presumably intended, either by
tacit understanding or by the assumption that it existed
Implied-in-law contract - ANSWERS-An obligation that is not
an actual contract but that is imposed by law because of the
parties' conduct or some special relationship between them
or because one of them would otherwise be unjustly
enriched
Voidable contract - ANSWERS-A contract that one of the
parties can reject (avoid) based on some circumstance
surrounding its execution.
Void contract - ANSWERS-An agreement that, despite the
parties' intentions, never reaches contract status and is
therefore not legally enforceable or binding.
Mutual assent - ANSWERS-The act of two or more parties
coming together to agree to the terms of a contract.
PERSPECTIVE EXAM WITH CORRECT
ACTUAL QUESTIONS AND CORRECTLY
WELL DEFINED ANSWERS LATEST
ALREADY GRADED A+ 2025 - 2026
Intellectual property rights - ANSWERS-The legal
entitlement attached to the expressed form of an idea or of
other intangible subject matter.
Copyright - ANSWERS-The legal right granted by a
government entity to a person or an organization for a
period of years to exclusively own and control an original
written document, piece of music, computer code, or other
forms of expression.
Patent - ANSWERS-The right granted by a government entity
to an inventor or applicant for a limited time period to
exclusively own and control a new, useful, and nonobvious
invention
,Accession - ANSWERS-An increase or addition to property
Confusion - ANSWERS-In property law, the intermingling of
goods belonging to different owners.
Gift - ANSWERS-The voluntary and gratuitous transfer of
property without consideration
Breach of contract - ANSWERS-The failure, without legal
excuse, to fulfill a contractual promise
Offeror - ANSWERS-The party to a contract who promises to
give something in return for a promise or an act by another
party
Offeree - ANSWERS-The party to a contract who makes a
promise or acts in return for something offered by another
party
Uniform Commercial Code (UCC) - ANSWERS-A code of
federal laws that govern commercial transactions in the
United States
,A model code that has been adopted in whole or in part by
each state and whose purpose is to provide a consistent
legal basis for business transactions throughout the United
States and its territories
Bilateral contract - ANSWERS-A contract in which each party
promises a performance
Unilateral contract - ANSWERS-A contract in which only one
party makes a promise or undertakes the requested
performance
Executed contract - ANSWERS-A contract that has been
completely performed by both parties
Executory contract - ANSWERS-A contract that has not been
completely performed by one or both of the parties
Express contract - ANSWERS-A contract whose terms and
conditions are explicitly stated
, Implied contract - ANSWERS-A contract whose terms and
intentions are indicated by the actions of the parties to the
contract and the surrounding circumstances
Implied-in-fact contract - ANSWERS-A contract that is not
express but that the parties presumably intended, either by
tacit understanding or by the assumption that it existed
Implied-in-law contract - ANSWERS-An obligation that is not
an actual contract but that is imposed by law because of the
parties' conduct or some special relationship between them
or because one of them would otherwise be unjustly
enriched
Voidable contract - ANSWERS-A contract that one of the
parties can reject (avoid) based on some circumstance
surrounding its execution.
Void contract - ANSWERS-An agreement that, despite the
parties' intentions, never reaches contract status and is
therefore not legally enforceable or binding.
Mutual assent - ANSWERS-The act of two or more parties
coming together to agree to the terms of a contract.
