BUSFIN 4510 Midterm Exam Questions with
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Terms in this set (138)
consists of the fruits of someone's mind; laws protect
Intellectual Property property that is primarily the result of mental creativity
rather than physical effort
a distinctive mark, word, design, picture, or
Trademark arrangement used with a product that helps
consumers identify the product with the producer
Service Mark mark used in conjunction with a service
Product Trademark a mark affixed to a good, its packaging, or its labeling
a mark identifying the producers as belonging to a
Collective Mark
larger group
a mark licensed by a group that has established
Certification Mark
certain criteria for use of the mark
Trade Dress the overall appearance and image of a product
might be used without permission on completely
Federal Trademark unrelated goods, potentially diminishing the value of
Dilution Act of 1995 the mark; laws prohibit use of distinctive or famous
(Trademark Dilution) trademarks even without a showing of consumer
confusion
protect the expression of creative ideas; don't protect
Copyrights the ideas themselves, but only the fixed form of
expressing them; must be fixed, original, and creative
, provides that others may reproduce a portion of
copyrighted work for purposes of "criticism,
Fair-Use Doctrine
comment, news reporting, teaching, scholarship, and
research"
protects a product, process, invention, machine, or
Patent
plant produced by asexual reproduction
occurs when the holder issues a license to use the
Tying Arrangement patented object only if the licensee agrees to buy
some nonpatented product form the holder
occurs when two patent holders license each other to
use their patents only on the condition that neither
Cross-licensing
licenses anyone else to use the patent without the
other's consent
a process, product, method of operation, or
compilation of information that gives a
businessperson an advantage over their competitors;
Trade-Secret protected by the common law from unlawful
appropriation by competitors as long as it is kept
secret and consists of elements not generally known
in the trade
Uniform Commercial created in 1952, articles cover a wide range of topics
Code from sales contracts to secured transactions
consists of the passing of title from the seller to the
Sale
buyer for a price
all tangible things which are movable at the time of
Goods
identification to the contract for sale
Mixed Sale contract that combines a good with a service
Correct Answers 100% Solved
Save
Terms in this set (138)
consists of the fruits of someone's mind; laws protect
Intellectual Property property that is primarily the result of mental creativity
rather than physical effort
a distinctive mark, word, design, picture, or
Trademark arrangement used with a product that helps
consumers identify the product with the producer
Service Mark mark used in conjunction with a service
Product Trademark a mark affixed to a good, its packaging, or its labeling
a mark identifying the producers as belonging to a
Collective Mark
larger group
a mark licensed by a group that has established
Certification Mark
certain criteria for use of the mark
Trade Dress the overall appearance and image of a product
might be used without permission on completely
Federal Trademark unrelated goods, potentially diminishing the value of
Dilution Act of 1995 the mark; laws prohibit use of distinctive or famous
(Trademark Dilution) trademarks even without a showing of consumer
confusion
protect the expression of creative ideas; don't protect
Copyrights the ideas themselves, but only the fixed form of
expressing them; must be fixed, original, and creative
, provides that others may reproduce a portion of
copyrighted work for purposes of "criticism,
Fair-Use Doctrine
comment, news reporting, teaching, scholarship, and
research"
protects a product, process, invention, machine, or
Patent
plant produced by asexual reproduction
occurs when the holder issues a license to use the
Tying Arrangement patented object only if the licensee agrees to buy
some nonpatented product form the holder
occurs when two patent holders license each other to
use their patents only on the condition that neither
Cross-licensing
licenses anyone else to use the patent without the
other's consent
a process, product, method of operation, or
compilation of information that gives a
businessperson an advantage over their competitors;
Trade-Secret protected by the common law from unlawful
appropriation by competitors as long as it is kept
secret and consists of elements not generally known
in the trade
Uniform Commercial created in 1952, articles cover a wide range of topics
Code from sales contracts to secured transactions
consists of the passing of title from the seller to the
Sale
buyer for a price
all tangible things which are movable at the time of
Goods
identification to the contract for sale
Mixed Sale contract that combines a good with a service
