QUESTION 1

A USA based organization is intending to set up a product advancement unit in India. Programming created at the Indian unit will be repurchased by the US parent at an exchange cost of US $10 millions. The unit will stay in presence in India for one year; the product is relied upon to get created inside this time period.

The US based organization will be dependent upon corporate expense of 30.67 percent and a retention duty of 10% in India and won't be qualified for tax reduction in the US. The product created will be sold in the US market for US $ 5.0 millions. Different evaluations are as per the following:

Lease for completely outfitted unit with fundamental equipment in India '56I4960

Labor cost (80 programming proficient will be laboring for 10 hours every day)

' 400 each man hour

Authoritative and other costs 567000

Prompt the US Company on the monetary suitability of the task. The rupee-dollar rate is '48.67/$.

question 2

Licensed innovation rights remembered for programming might be ensured under which of the accompanying?

A.Patent law.

B.Intellectual property law.

C.Both of the abovementioned.

D.Nothing unless there are other options.

question 3

Which of the accompanying assertions isn't valid for the law of brand names in the United States?

A.Brand name law may secure unmistakable shapes just as particular bundling.

B.Brand name insurance can be lost if the brand name turns out to be famous to such an extent that its utilization gets ordinary.

C.Brand names to get insurance need not be enlisted.

D.Brand names are legitimate for a very long time after their development.

question 4

Diane Trucco as of late composed a novel which is a brilliant show-stopper. She wishes to copyright and distribute this novel. Which of coming up next is cor...

A.Her copyright is legitimate for her life in addition to seventy years.

B.She should enlist her copyright to get security under the law.

C.She is needed to put on a copyright notice to get a copyright.

D.The entirety of the above are right.

question 5

Rich bought property from Sklar for $200,000. Rich got a $150,000 credit from Marsh Bank to back the buy, executing a promissory note ...

A.Rights against Rich under the promissory note.

B.Rights against the cases of ensuing real buyers for esteem.

C.Need against a formerly documented land charge lien on the property.

D.Need against all gatherings having prior cases to the property.

question 6

Long, Fall, and Pear own a structure as joint occupants with the privilege of survivorship. Since a long time ago gave Long's advantage in the structure to Green by executi...

A.A 1/3 interest as a joint occupant.

B.A 1/3 interest as an occupant in like manner.

C.No interest since Fall and Pear didn't agree to the exchange.

D.All out possession because of the passings of Fall and Pear.

question 7

What interest in genuine property for the most part gives the holder of that interest the option to sell the property?

A.Easement

B.Leasehold.

C.Permit

D.Expense straightforward.

question 8

Which of coming up next isn't an interest that an individual can have in genuine property?

A.Expense straightforward supreme

B.Tenure naturally.

C

C.Life interest.

D.Remaining portion

question 9

On July 1, Quick, Onyx, and Nash were deeded a real estate parcel as occupants in like manner. The deed given that Quick possessed 1/2 the property and Onyx and ...

A.Fast 1/2, Onyx 1/2

B.Fast 5/8, Onyx 3/8.

C.Fast 1/3, Onyx 1/3, Nash's beneficiaries 1/3.

D.Fast 1/2, Onyx 1/4, Nash's beneficiaries 1/4.

question 10

Brett passes on his genuine property by deed to his sister, Jan, for existence with the rest of go to his companion, Randy, for his life. Brett is as yet liv...

A.Brett.

B.Brett's beneficiaries

C.Jan's beneficiaries

D.Randy's beneficiaries