QUESTION 1

What is the name of the treaty that allows American patents to be recognized and enforced in member countries?

a.the World Agreement of London

b.the Berne Convention

c.the International Treaty of Trademarks and Patents

d.the Paris Convention for the Protection of Industrial Property

QUESTION 2

Which is NOT a provision of the Digital Millennium Copyright Act?

a.It is illegal to delete copyright information or distribute false copyright information.

b.It is illegal to use copyrighted material under any circumstances without permission of the creator.

c.It is illegal to distribute tools and technologies designed to circumvent encryption devices.

d.It is illegal to circumvent encryption or scrambling technologies that protect copyrighted works.

QUESTION 3

Agnes plans to file for bankruptcy . One month prior to filing, Agnes gives Joe's Filling Station $700 to apply to her gas bill. Joe has been so kind to let her charge the gas she needed for her car over the past year. The bankruptcy trustee appointed to the case

a.cannot cancel the payment to Joe because it is payment for an existing debt.

b.can cancel the payment to Joe as a voidable preference.

c.can cancel the payment to Joe as a fraudulent transfer.

d.cannot cancel the payment to Joe because he is not an insider.

QUESTION 4

Under all chapters of the Bankruptcy Code, most of the debtor's assets are distributed to creditors and the debtor has no obligation to share future earnings with creditors.

True

False

QUESTION 5

Brad was having financial difficulties and thought bankruptcy might be in his future. He transferred his sports car to his brother with the agreement that if he didn't file for bankruptcy within the next 18 months, his brother would return the car to him. Brad did file for bankruptcy in 10 months. The bankruptcy trustee can bring the car back into Brad's estate for the purpose of providing assets for Brad's creditors.

True

False

QUESTION 6

In order for a copyright holder to collect money damages from a person who used copyrighted material, it must be proven that

a.the infringement was intentional.

b.the copyright holder sustained more than $500 in actual damages.

c.the copyrighted material contained the copyright symbol, name of the copyright holder, and the year of copyright.

d.the infringer actually copied the work.

QUESTION 7

A trademark lasts for

a.20 years after the application is filed.

b.70 years after the death of the creator.

c.10 years, but it can be renewed for an unlimited number of terms as long as it is used.

d.as long as it is kept confidential.

QUESTION 8

Peggy's credit card debts are mounting as her costs of insurance and fuel have dramatically increased and her income, from sporadic freelance jobs, has dropped. The Bankruptcy Code will allow her to reorganize her debt while she keeps most of her assets.

True

False

QUESTION 9

In a bankruptcy, creditors cannot force a debtor into bankruptcy; nor can they vote to confirm or reject a plan of reorganization.

True

False

QUESTION 10

The trustee is responsible for gathering the bankrupt's assets and dividing them among creditors.

True

False