A customer list is not a trade secret
a. True
b. False
Indicate whether the statement is true or false
False
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Hiroaki bought a bicycle from a well-known brand without even considering the other equally good, unbranded bicycles. This shows the advantage that branded products have over unbranded ones in terms of ________.
A. actual performance B. physical features C. perceived quality D. price efficiency E. product variety
Southern Bar-B-Q owns a special, secret recipe for sauce which it guards because it gives the restaurant a competitive advantage. If Mort willfully misappropriates the recipe, a court may hold him liable to Southern for double damages
a. True b. False Indicate whether the statement is true or false
Shelby hired Evan to drill a well on her property for $3,000 . They both thought the soil and subsoil were normal for the area, but after he started drilling, Evan found a layer of rock that required him to purchase a special drill and required an extra ten hours of work. Evan demanded an extra $1,000 to complete the job. Discuss whether Shelby is liable for the additional $1,000
All of the following statements about the methods of regulating insurance are true EXCEPT
A) All states have insurance laws that regulate the operations of insurers. B) Insurers are totally exempt from regulation by federal agencies and laws. C) The courts regulate insurance in many ways, including the interpretation of policy clauses and provisions. D) State insurance commissioners, through administrative rulings, have considerable power over insurers doing business in their states.