Jerry Margulis makes knockoffs of Prada handbags. He calls them Preda, and that name appears on the product, but otherwise they look a lot like the original. Whereas Prada might typically sell for $300, a Preda seels for $40
A Preda is definitely of inferior quality compared to a Prada. Jerry sells his handbags to discount houses and other stores that do not carry Prada knock-off that looks like one. Prada learns of this activity, and sues Jerry for trade mark infringement. Which of the following is true?
A) This is not trade mark infringement because purchasers are not fooled into believing that a Preda is a Prada. On the contrary, they know that it's not.
B) Jerry is trading on the goodwill that Prada has built up, and that is actionable.
C) Jerry may not be trying to fool the public, but purchasers of a Preda presumably are.
D) The sale of low quality knock-offs harms Prada's reputation for high quality goods.
E) B, C, and D
E
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The Occupy Wall Street movement consists of activities who are protesting against social and economic inequality.
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Scissorwire Inc sells shares of its stock to the public, with each share valued at $16. After a year, the company incurs a loss and the price of each share drops to $5
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While he was employed at KyoTek, Jakob came up with an idea for an app that has the potential to make a lot of money. KyoTek has not pursued the idea yet, but the company does have it listed in its potential project list. Jakob left his job at KyoTek, and he wants to develop that app on his own. He is prohibited from doing this because of what provision?
A. Nondisclosure of information agreement B. Intellectual property agreement C. Noncompete agreement D. Nonpiracy agreement
Which of the following statements is true of a bond that is issued at a discount?
A) The bond will be issued at par. B) The stated interest rate is higher than the prevailing market interest rate. C) At maturity, the bond will repay an amount that is less than the face value. D) The bond will be issued for an amount less than the face value.