Clark works for a firm that performs title searches and issues abstracts. Describe the steps Clark will follow while conducting the title search
What will be an ideal response?
Clark will first conduct the title search, consisting of searching the public records for recorded documents that may affect the title to the real estate. He will prepare an abstract that is a written listing of all recorded documents and notices of public record found during the search. He will next examine the abstract by reviewing the chain of title of the property. Lastly, he will issue a summary report of his efforts. This is called the title report.
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How long prior to a bankruptcy filing does an individual debtor have to receive a briefing from an approved nonprofit budget- and credit-counseling agency?
What will be an ideal response?
Under the Trademark Dilution Revision Act of 2006 (TDRA), which of the following is NOT a statutory factor to consider when determining whether a mark is famous?
a. the amount, volume, and geographic extent of sales of goods or services offered under the mark b. the amount of money spent on advertisements c. whether the mark was registered on the principal register with the USPTO d. the extent of actual recognition of the mark
Raoul and his employer, ABC Co., did not agree as to which of them would own inventions invented by Raoul while "on the job." Raoul invented a new dripless candle. Who owns the invention? What rights, if any, might the other party have?
What will be an ideal response?
Highfare Cab Company is sued for negligence by a passenger arising out of a collision after the cab driver ran a red light. In assessing its liability, Highfare will likely:
a. Be held to a lesser standard of care than a reasonable person. b. Be held to the same standard of care as the reasonable person standard. c. Be held to a higher standard of care than a reasonable person. d. Be held to have no duty to a passenger.