Explain the process of registering a trademark with the U.S. Patent Office
What will be an ideal response?
To register a mark with the Patent Office, one must submit a drawing of the mark and indicate when it was first used in interstate commerce and how it is used. The Patent Office conducts an investigation to verify these facts and will register a trademark as long as it is not generic, descriptive, immoral, deceptive, the name of a person whose permission has not been obtained, or substantially similar to another's trademark.
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Mark was visibly drunk when he went into a local store and an aggressive salesman saw he was drunk and got Mark to buy a new expensive stereo system
The next day when Mark became sober he realized he could not afford it so he went to the store and said he wanted to cancel the contract. As a result a court would rule that A) the contract is valid and if Mark does not pay he will be liable for breach of contract B) the contract is void as he cancelled within the 10 day cooling off period C) the contract is void as Mark lacked the capacity to contract D) the contract is void as Mark was drunk at the time he made the contract E) both C and D
Jack Payson was the listing agent for some property sold by Alice and Dan Faroni. The Faronies had agreed to finance the purchase for the buyer. Payson never told the Faronies to secure their financing with a deed of trust or mortgage. When the buyer defaulted on the payments, the Faronies could only seek a judgment against the buyer and the litigation process was expensive and the judgment
difficult to collect. Which of the following is an accurate statement about this situation? A) Payson is not a legal adviser and has not done anything that results in liability to the Faronies. B) Payson breached his duty of reasonable care and would have liability to the Faronies for their losses from the lack of security for the loan. C) Whether Payson would have liability depends upon whether he was an exclusive-right-to-sell agent or part of an open listing. D) Payson would have liability to the Faronies only if they asked him for his advice on the financing.
The development of low-cost computing platforms and communication technologies is an economic change brought about by globalization enabled by information technology
Indicate whether the statement is true or false
The inverse relationship that exists between the cost of lost sales and inventory costs is the inventory effect
Indicate whether the statement is true or false