busn_law_unit_3_milestone.docx.pdf

Which of the following is true of property ownership in the United States?  Property ownership is primarily defined at the state level.  You may own property even if the legal system does not recognize your right to do so.  Animals and humans both have the right to own property.  Property must be tangible in order for the legal system to recognize ownership. CONCEPT The Property System 2 Jenna has been employed as Rashid's personal assistant for five years. Her job description is vague, but she helps him with many aspects of his day to day life. Jenna knows he likes art, so every year she attends a local art auction and purchases a painting on Rashid's behalf. This year, she buys a painting that is twice as expensive as usual. Is Rashid responsible for the full price of the painting?  Yes, due to apparent authority.  No, Rashid is not liable.  Yes, due to express authority.  Yes, due to implied authority. CONCEPT Principal's Contract Liability 3 Busn law unit 3 milestone Wilhelm discovers that a tech company has just received a patent for a new type of headphone that reduces the potential for hearing damage at high volume. The existence of this new technology is not yet widely known. However, once Wilhelm learns about it, he tells several of his friends, and they all buy stock in the tech company. Does Wilhelm's conduct violate trade secret law?  No, because the invention of this technology is publicly available information through the issuance of the patent.  Yes, because Wilhelm misappropriated the tech company's trust by telling his friends about the new technology.  Yes, because Wilhelm will potentially profit from his discovery.  No, because the company is not yet deriving value from the technology. CONCEPT Trade Secrets 4 Jennifer includes a copyrighted photograph in her new book without obtaining permission from the copyright owner. Select the correct classification for this example.  Direct copyright infringement  Contributory infringement  Fair use  Legal use of a copyright license CONCEPT Copyright Law Busn law unit 3 milestone 5 Gary (principal) hires Dawn (agent) to sell his house. Every time Dawn tries to bring a potential buyer to see Gary's house, he asks her to reschedule for another day. Dawn suspects that Gary does not actually want to sell his house. Is Gary in breach of his duty?  Yes, because he failed to warn Dawn of the potential for pecuniary loss.  No, because Gary does not have a fiduciary duty to Dawn.  No, because principals have no duties toward their agents.  Yes, because he has a responsibility to not interfere w