1.(2 pts) Which of the following are examples of Unfair Competition?

Answer:

(a)False Advertising

(b)Breach of Contract

(c)Trademark Infringement

(d)False Imprisonment

(e)Misappropriation

(f)All of the above

(g)(a), (b), and (e)

(h)(a), (c), and (e)

(i)(b), (c), and (e)

2.(2 pts) Under current tax law, if you earn shares through vesting by remaining with a company, the Internal Revenue Service treats that equity as taxable income as it vests if it is worth more than you initially paid for it.

If you exercise options prior to full vesting, or if you receive shares of restricted stock, you can elect to pay taxes on it immediately (on the grant date) rather than waiting to pay taxes at the time the shares vest. Which form is used to make this election?

Answer:

(a) 1099

(b) W-2

(c) 83(b)

(d) 1040

(e) 1023(EZ)

3.Celene is the CEO of Redthorne Technologies. Redthorne makes a tv content streaming service. To build her product, she hires a software developer named Dennis. Dennis is an experienced developer who will lead the entire development team and will also receive ownership in the company.

Celene knows that replacing Dennis will be difficult if he leaves. She also knows that he will have expertise to build this product somewhere else. To prevent Dennis from being able to build the product on his own or for another company, which is the best contract clause to prevent this?

Answer:

(a)Non-Circumvention Clause

(b)Non-Compete Clause

(c)Non-Solicitation Clause

(d)Non-Disclosure Clause

(e)None of the Above

4.(2 pts) Celene would also like to make sure that Dennis does not divert or attempt to divert any customers or business partners of the company and make sure that Dennis does not try to hire any company employees after leaving. Which is the best contract clause to prevent this?

Answer:

(a)Non-Circumvention Clause

(b)Non-Compete Clause

(c)Non-Solicitation Clause

(d)Non-Disclosure Clause

(e)None of the Above