1.Eminent domain is the right of a property owner to exclusive use of his or her property, with certain exceptions, and the ability to convey the property to whomever he or she wishes.

True

False

2.Bono was kicked out of the band U2 for failing to attend rehearsals on time and constantly cutting the strings of Adam Clayton's bass guitar.For the purposes of this question Bono was an employee of U2 which is an American company.Bono applies for unemployment insurance.Provided that he is actively attending auditions to display his willingness and ability to seek future employment he will receive state administered unemployment benefits.

True

False

3.Lauren, Kathryn and Emily are doctors seeking to form a business entity.The only two requirements the girls are considering are limiting liability as much as possible and that they all may operate the business.Lauren and Kathryn are concerned about Emily's competence.From Lauren and Kathryn's perspective the best business entity would be

professional corporation.

limited liability partnership.

general partnership.

limited partnership.

4.Wild & Scenic River Tours, Inc., is a corporation. Its directors and shareholders discover that its rival, Bold and Outstanding Creek Adventures, Inc. has defamed Wild & Scenic causing harm to its shareholders.After a shareholder makes written demand to the directorsto take action against Bold and Outstanding, to no avail, the shareholder may bring a lawsuitagainst Bold and Outstanding, Inc. pursuant to

the alter ego theory.

an ultra vires action.

a shareholder derivative lawsuit.

piercing the corporate veil.

5.Atlantean Kodex, LLC is a business subject to the rules of the FMLA.Therefore Atlantean Kodex must provide its employees with up to twelve weeks of paid family or medical leave during any twelve-month period, provided the employee had been working for Atlantean Kodex the previous 12 months.

True

False

6.Jeff is a member of Go Big Red, LLC.Jeff decides he does not like the color red, preferring instead the colors black and gold. Jeff leaves the LLC for that reason. Upon dissociation all of the following apply to Jeff except

duty of loyalty immediately ceases in all regards.

loses the right to manage the LLC.

right to have his interests to be bought out.

duty of care immediately ceases in all regards.

7.Red Swedish Snow will receive trademark protection for a particular product if

if there is a catchy jingle included in its advertising.

the trademark owner of Blue Belgian Hail does not object.

it acquires a secondary meaning.

it can be proven that snow in Sweden is red.

8.Bottas wants to protect the unique sound of his Formula One racing engine.Under the American Invents Act his patent protection commences on the date he files his patent application not when the US Patent and Trademark Office issues the patent.

True

False

9.Ryder, an employee of Slipstream, Inc., claims that he nor any reasonable person could endure the sexual harassment environment at Slipstream.Further he claims Slipstream knew or should have known of the harassment but failed to correct the working environment.Even though he quit his job, due to the intolerable working conditions, Ryder can claim a tangible employment action in holding Slipstream liable for Ryder's damages.

True

False

10.Dwight is selling the dilapidated Shrute Farms to Jim and Pam.On the property is an easement to Mose to use Dwight's unimproved trail allowing Mose, his neighbor, use of a watering hole for livestock. Dwight must remove any defects/encumbrances (in this case the easement) to the property he is selling to a Jim and Pam or disclose such defects/encumbrances to them.This is the

Seller's duty to provide marketable title.

Seller's duty not to be an ass.

Seller's duty to reasonable accommodate.

Seller's duty of implied warranty of a sale of a new home.

11.Saucers Full of Secrets, Inc., (SFS) sells scopes with distinctively designed and made lenses and mirrors to scientists. Astronomy Domine Corp. later begins to sell scopes with identical set-ups of lenses and mirrors, without SFS's permission, to consumers. This is most likely

trademark infringement.

an awesome reference to Pink Floyd songs (hint - though a correct statement not the right answer).

patent infringement.

copyright infringement.