Question
Business Law CRN 51884)

Assignment:

Week 4 Assignment

1.

award:

2 out of

2.00 points

The term “consideration” in relation to contracts involves parties acting in an ethical manner.

True

False

2.

award:

2 out of

2.00 points

Which of the following references the requirement that a contract not be either illegal or against public policy?

Legal object

Illegal prohibition

Capacity

Ethical requirement

Consideration

3.

award:

2 out of

2.00 points

Which of the following is true regarding trade secret protection?

A trade secret is protected from unlawful appropriation by competitors as long as it is kept secret and consists of elements not generally known in the trade.

A trade secret is protected from unlawful appropriation by competitors for ten years.

A trade secret is protected from unlawful appropriation by competitors for thirty years as long as it is kept secret and consists of elements not generally known in the trade.

A trade secret is protected from unlawful appropriation by competitors for twenty years.

A trade secret is protected from unlawful appropriation by competitors for seventy years.

4.

award:

2 out of

2.00 points

If a trademark is unregistered, which of the following may the holder recover when an infringer uses the mark to pass off goods as being those of the mark owner?

Only damages.

An additional amount of damages computed as a multiplier of 5 times the original damages.

Damages and an injunction prohibiting the infringer from using the mark.

Damages, an injunction prohibiting the infringer from using the mark, and additional damages based on a multiplier of 5 times the original damages.

Only an injunction prohibiting the infringer from using the mark.

5.

award:

2 out of

2.00 points

Which of the following is false regarding trade secret protection?

A company’s client list may be considered a trade secret.

Competitors may discover secrets by going on public tours of plants and observing the use of the trade secret.

Lawful discovery of a trade secret means there is no longer a trade secret to be protected.

There is no registration of trade secrets.

Competitors may not discover trade secrets by doing reverse engineering.

6.

award:

2 out of

2.00 points

Which of the following is true regarding punitive damages in product liability cases?

The amount of the punitive-damage award is determined by the maliciousness of the action only.

They are not available in product liability actions.

Punitive damages are meant to compensate the plaintiff for injury and to make the plaintiff whole.

The amount of the punitive-damage award is determined by the wealth of the defendant only.

The amount of the punitive-damage award is determined by the wealth of the defendant and also by the maliciousness of the action.

7.

award:

2 out of

2.00 points

Network Solutions Inc., is funded by the National Science Foundation and is responsible for registering domain names on the Internet.

True

False

8.

award:

2 out of

2.00 points

Which of the following arises when a consumer knows that a defect exists but still proceeds unreasonably to make use of the product, creating a situation where the consumer has voluntarily assumed the risk of injury from the defect and thus cannot recover?

Last-clear-chance.

Pure comparative fault.

Assumption of the risk.

Contributory negligence.

Strict behavior.

9.

award:

2 out of

2.00 points

Which of the following do courts focus on when a strict product liability action is involved?

Whether the consumer had a contractual relationship with the seller.

Whether the manufacturer knew of a problem with the product.

Whether the seller exercised all possible care in the preparation and sale of the product.

Whether the manufacturer was negligent.

Whether the product was in a defective condition and unreasonably dangerous when sold.

10.

award:

2 out of

2.00 points

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