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10 Cards in this Set

  • Front
  • Back
1. You discover that the word “wheelbarrow” has not been registered as a trademark. You can register the word wheelbarrow as a trademark as long as you are a producer of wheelbarrows.
False
2. Mariela developed a new pesticide. To protect her interest is the pesticide, Mariela should
patent the pesticide.
3. The City of Atlanta places a partial restriction on landowners’ use of property that abuts a river. Such a restriction would be called:
a zoning ordinance.
4. Contracts that have not been fully performed by either party are what kind of contracts?
executory
5. Sixteen-year-old Ronald purchased a car from Mary on October 1. The car was destroyed by a fire on December 4. Robert sued to disaffirm the contract. The court would likely hold that:
a contract existed, but Ronald is a minor and so could disaffirm the contract.
6. Which of the following is most likely to be considered an offer?
I will sell you my desk for $100.
7. In Village of Euclid v. Ambler Realty, where a landowner’s property value fell due to zoning, the Supreme Court held:
a zoning ordinance was a valid exercise of the police power of the village.
8. Under Article 3 of the Uniform Commercial Code, a check my be:
payable on sight.
9. A secured creditor is one who:
has the ability to take the debtor’s property to satisfy the debt.
10. A potential advantage of a well-planned Chapter 11 bankruptcy, compared to a liquidation, includes
fewer legal fees.