1 If a voluntary bailment is only of benefit to the bailor, what sort of responsibility does the bailee owe the bailor A Extraordinary duty of care B Minimum duty of care C The bailee has no responsibility in this case D Ordinary duty of care 2 Jenna has been employed as Rashid's personal assistant for five years Her job description is vague, but she helps him with many aspects of his day to day life Jenna knows he likes art, so every year she attends a local art auction and purchases a painting on Rashid's behalf This year, she buys a painting that is twice as expensive as usual Is Rashid responsible for the full price of the painting A Yes, due to express authority B No, Rashid is not liable C Yes, due to implied authority D Yes, due to apparent authority 3 Trudy is an aspiring chef She takes a job in a famous restaurant in order to learn the head chef's highly secretive technique for making pasta, which people from all over the country come to eat After quitting her job, Trudy opens her own restaurant and makes pasta using the same technique She advertises this fact in order to generate business Does Trudy's conduct violate trade secret law A Yes, because Trudy used a trade secret without permission from the secret's owner B No, because Trudy was upfront about the fact that she was using the trade secret C Yes, because the method by which Trudy discovered the trade secret is illegal according to trade secret law D No, because the head chef was not able to keep her technique a secret from Trudy 4 Which of the following is true of property ownership in the United States A Property ownership is primarily defined at the state level B Property must be tangible in order for the legal system to recognize ownership C Animals and humans both have the right to own property D You may own property even if the legal system does not recognize your right to do so 5 Select the answer that best applies to the phrase National Basketball Association A This phrase likely cannot be trademarked B This phrase is an example of a certification mark C This phrase is an example of a collective mark D This phrase is an example of a service mark 6 Which of the following is an important purpose of intellectual property rights A To prevent others from ever copying an inventor's product B To promote capitalism and make inventors rich C To encourage inventors to form monopolies D To advance the public good by encouraging invention 7 If ownership of Isaiah's home transfers to his sister upon his death, Isaiah has a in his home A life estate interest B leasehold interest C possessory interest D reversionary interest 8 Gary (principal) hires Dawn (agent) to sell his house Every time Dawn tries to bring a potential buyer to see Gary's house, he asks her to reschedule for another day Dawn suspects that Gary does not actually want to sell his house Is Gary in breach of his duty A Yes, because he failed to warn Dawn of the potential for pecuniary loss B No, because Gary does not have a fiduciary duty to Dawn C Yes, because he has a responsibility to not interfere with Dawn's task D No, because principals have no duties toward their agents

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1. If a voluntary bailment is only of benefit to the bailor, what sort of responsibility does the bailee owe the bailor? A Extraordinary duty

1. If a voluntary bailment is only of benefit to the bailor, what sort of responsibility does the bailee owe the bailor?

A Extraordinary duty of care
B Minimum duty of care
C The bailee has no responsibility in this case.
D Ordinary duty of care

2. Jenna has been employed as Rashid's personal assistant for five years. Her job description is vague, but she helps him with many aspects of his day to day life. Jenna knows he likes art, so every year she attends a local art auction and purchases a painting on Rashid's behalf. This year, she buys a painting that is twice as expensive as usual. Is Rashid responsible for the full price of the painting?

A Yes, due to express authority.
B No, Rashid is not liable.
C Yes, due to implied authority.
D Yes, due to apparent authority.

3. Trudy is an aspiring chef. She takes a job in a famous restaurant in order to learn the head chef's highly secretive technique for making pasta, which people from all over the country come to eat. After quitting her job, Trudy opens her own restaurant and makes pasta using the same technique. She advertises this fact in order to generate business. Does Trudy's conduct violate trade secret law?

A Yes, because Trudy used a trade secret without permission from the secret's owner.
B No, because Trudy was upfront about the fact that she was using the trade secret.
C Yes, because the method by which Trudy discovered the trade secret is illegal according to trade secret law.
D No, because the head chef was not able to keep her technique a secret from Trudy.

4. Which of the following is true of property ownership in the United States?

A Property ownership is primarily defined at the state level.
B Property must be tangible in order for the legal system to recognize ownership.
C Animals and humans both have the right to own property.
D You may own property even if the legal system does not recognize your right to do so.

5. Select the answer that best applies to the phrase "National Basketball Association."

A This phrase likely cannot be trademarked.
B This phrase is an example of a certification mark.
C This phrase is an example of a collective mark.
D This phrase is an example of a service mark.

6. Which of the following is an important purpose of intellectual property rights?

A To prevent others from ever copying an inventor's product
B To promote capitalism and make inventors rich
C To encourage inventors to form monopolies
D To advance the public good by encouraging invention

7. If ownership of Isaiah's home transfers to his sister upon his death, Isaiah has a __________ in his home.

A life estate interest
B leasehold interest
C possessory interest
D reversionary interest

8. Gary (principal) hires Dawn (agent) to sell his house. Every time Dawn tries to bring a potential buyer to see Gary's house, he asks her to reschedule for another day. Dawn suspects that Gary does not actually want to sell his house. Is Gary in breach of his duty?