Business Law Chapter 16 Question Preview (ID: 45250)


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Gathering shells on a public beach is acquisition by:
a) Accession
b) Adaptation
c) Adoption
d) Occupancy

In some states, all property acquired during a marriage is presumed to be community property and a one-half interest in such property is owned by:
a) the children or heirs
b) the community
c) each spouse
d) none of these

Using a trademark as a descriptive generic term or permitting competitors to refer to similar products by the trademark may cause the original owner to:
a) Eliminate the trademark
b) lose the right to the trademark
c) increase income from the trademark
d) share ownership of the trademark

Trade secrets MUST be registered to take effect.
a) False
b) True
c)
d)

Ownership of natural or man-made increases to personal property is acquired by:
a) Accession
b) Adaptation
c) Adoption
d) Annexation

Patents are good for ten years and are renewable.
a) False
b) True
c)
d)

Property placed intentionally somewhere but then forgotten is mislaid.
a) True
b) False
c)
d)

The right of partition comes with ownership in severalty.
a) False
b) True
c)
d)

A unique word, mark, or symbol identifying products is called a service mark.
a) False
b) True
c)
d)

A fixed, original expression of a creative work can be protected by a trademark.
a) False
b) True
c)
d)

In order for there to be a definition of property, you must have:
a) only the right to use, sell, discard of item
b) only the right to make/lose money on sale of item
c) both options are needed
d) neither option is needed

Property can be either tangible or intangible.
a) True
b) False
c)
d)

Fair use is a doctrine that lessens the consequences of copyright infringement.
a) True
b) False
c)
d)

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