When ReGen Pharmaceuticals released a new drug to treat insomnia, its chemical composition was disclosed at the back of the drug's cover. However, any attempts by competitors to copy the chemical composition would result in infringement of ReGen Pharmaceuticals intellectual property rights. Thus, the drug is protected by a
A. promissory bill.
B. royalty.
C. franchise.
D. patent.
Answer: D
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Indicate whether the statement is true or false
Which of the following is not an advantage of franchising?
A) The franchisee has access to the franchisor's knowledge and resources. B) The franchisor gets major tax advantages. C) The franchisor can reach new markets. D) Consumers are assured of uniform product quality.
The president of Hi-Glow Cosmetics sends his top chemist to Hi-Glow's competitor's labs to steal its formula for shiny lipstick. The chemist gets caught and is sent to jail. Can Hi-Glow be found to be criminally liable?
a. Yes, under the doctrine of ultra vires. b. Yes, since the president authorized the crime. c. No, because a corporation cannot go to jail. d. Yes, under the doctrine of ultra vires and also since the president authorized the crime.
App Developers, Inc (ADI), enters into a contract with Carmen, the chief executive officer of SalesCorp, to create an app for the firm. To fulfill the contract, ADI hires Max and ten other student interns. With respect to the contract between ADI and Carmen, Max is
a. an intended beneficiary. b. an incidental beneficiary. c. a delegate. d. an assignee.