Question #1 (5 points):

Review each section of Ch. 27.

You are a Digital Marketing Manager for P&G.

1. Give a specific example of each of the four types of intellectual property as they pertain to P&G. Identify the type of intellectual property and the example. Also explain why the example you provided qualifies as the type of property you identified (i.e. match the example to the definition of each type).

2. How long is each type protected? What must P&G do to protect each type?

Question #2 (5 points):

Review the section on Found Property in Ch. 29.

Mel is having a bad day. He got fired from his job and decides to go to Hamilton Bookstore to buy a job search book.

On the public sidewalk, he sees a garbage can and defiantly strips off his tie and throws it in the garbage can, vowing never to wear a tie again.

While stripping off his tie, Mel unknowingly causes his watch to fall off of his wrist as he is walking into the store. Assume that the watch fell on the public sidewalk.

In the store, while looking through the Career section, Mel takes off his suit jacket and lays it on a nearby chair.

Not finding anything he wants to buy, Mel leaves the store and goes home in a stupor to contemplate his future.

As Mel is leaving, Howie walks in. He notices the tie in the garbage can, grabs it, and puts it on. He then notices the watch. He grabs that as well and puts it on his wrist. While walking to the Home Improvement section, he passes the Career section. Noticing Mel's jacket on the chair, he tries it on and realizes it is a perfect fit (and matches the tie he just put on).

1. What is the goal of the law in these circumstances?

2. How does the law resolve the ownership rights in each of the tie, watch, and jacket? Identify what each item is called in legal terms. Explain why. Also, who has ownership rights in each item?

Question #3 (5 points):

Review the sections on Gifts and Bailments in Ch. 29. Also, think back to our discussion on the requirements for a Contract in Ch. 11.

1. What are the three main elements needed for a gift?

2. Other than immediate performance, what is the primary difference between a contract and a gift (i.e. what is necessary for a contract that is not necessary for a gift)? Give an example of each.

3. What is the primary difference between a bailment and a gift (i.e. what is necessary for a gift that is not an element of a bailment)? Give an example of a bailment?