Business Law: Intellectual Property, Contracts, And Corporate Structures
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Business Law: Intellectual Property, Contracts, and Corporate Structures
Question 1 1 points Save
A patent may not be issued for:
a. a process
b. a manufacture
c. a composition of matter
d. a theory
e. any of the above
Question 2 1 points Save
With respect to warranty disclaimers, under the UCC a seller:
a. may never disclaim a warranty
b. may only disclaim implied warranties
c. may disclaim only express warranties
d. may disclaim any warranty except a warranty of title
e. may disclaim any warranty so long as the disclaimer follows
UCC rules
Question 3 1 points Save
A 16-year-old goes to a used car dealership and pays $2,000 cash to buy
a car off the lot.
a. assuming no fraud by the dealer, and that the car is really worth
about $2,000, the contract is valid
b. the dealer realizes that the car is worth more than $2,000, so he
can void the contract and insist on the car back
c. the 16-year-old can bring the car back the next day and demand
his money back because the contract is voidable
d. the parents of the 16-year-old cannot try to get the money back
for the car because parents are responsible for providing their
children with necessities
e. none of the above
Question 4 1 points Save
Trademarks are classified as:
a. generic
b. suggestive
Question 1 1 points Save
A patent may not be issued for:
a. a process
b. a manufacture
c. a composition of matter
d. a theory
e. any of the above
Question 2 1 points Save
With respect to warranty disclaimers, under the UCC a seller:
a. may never disclaim a warranty
b. may only disclaim implied warranties
c. may disclaim only express warranties
d. may disclaim any warranty except a warranty of title
e. may disclaim any warranty so long as the disclaimer follows
UCC rules
Question 3 1 points Save
A 16-year-old goes to a used car dealership and pays $2,000 cash to buy
a car off the lot.
a. assuming no fraud by the dealer, and that the car is really worth
about $2,000, the contract is valid
b. the dealer realizes that the car is worth more than $2,000, so he
can void the contract and insist on the car back
c. the 16-year-old can bring the car back the next day and demand
his money back because the contract is voidable
d. the parents of the 16-year-old cannot try to get the money back
for the car because parents are responsible for providing their
children with necessities
e. none of the above
Question 4 1 points Save
Trademarks are classified as:
a. generic
b. suggestive
c. descriptive
d. arbitrary and fanciful
e. all of the above
Question 5 1 points Save
Factors that influence the choice of a particular form of business
organization may include:
a. capital requirements
b. duration
c. tax rates
d. transferability of interests
e. all of these
Question 6 1 points Save
When a persons suffers an injury due to deliberate deception, there may
be a tort of:
a. fraud
b. misrepresentation
c. fraudulent misrepresentation
d. deceit
e. all of the above
Question 7 1 points Save
Strict liability may be imposed if you, the buyer, receive an oral or written
statement about the quality of a good, that statement becomes part of
your bargain with the manufacturer, and you suffer an injury because the
statement was not accurate. This is known as:
a. implied warranty
b. express warranty
c. caveat emptor
d. product warranty
e. none of the above
Question 8 1 points Save
The rules that regulate and govern the internal operations of a
corporation are known as:
d. arbitrary and fanciful
e. all of the above
Question 5 1 points Save
Factors that influence the choice of a particular form of business
organization may include:
a. capital requirements
b. duration
c. tax rates
d. transferability of interests
e. all of these
Question 6 1 points Save
When a persons suffers an injury due to deliberate deception, there may
be a tort of:
a. fraud
b. misrepresentation
c. fraudulent misrepresentation
d. deceit
e. all of the above
Question 7 1 points Save
Strict liability may be imposed if you, the buyer, receive an oral or written
statement about the quality of a good, that statement becomes part of
your bargain with the manufacturer, and you suffer an injury because the
statement was not accurate. This is known as:
a. implied warranty
b. express warranty
c. caveat emptor
d. product warranty
e. none of the above
Question 8 1 points Save
The rules that regulate and govern the internal operations of a
corporation are known as:
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