Question 11pts

A recipe for fried chicken may be considered a trade secret.

Group of answer choices

True

False

Flag question: Question 2Question 21pts

Property voluntarily placed somewhere by its owner and inadvertently forgotten is lost property.

Group of answer choices

True

False

Flag question: Question 3Question 31pts

To constitute a gift, a voluntary transfer of property must be supported by consideration.

Group of answer choices

True

False

Flag question: Question 4Question 41pts

If no heirs are found, the property of a decedent is transferred to a charitable organization.

Group of answer choices

True

False

Flag question: Question 5Question 51pts

An express trust is created or declared in definite terms.

Group of answer choices

True

False

Flag question: Question 6Question 61pts

A federal administrative agency may exercise only those powers that Congress delegates to it.

Group of answer choices

True

False

Flag question: Question 7Question 71pts

Any party in a case may appeal an order of an adminstrative law judge to the board or commission that governs the agency.

Group of answer choices

True

False

Flag question: Question 8Question 81pts

Under the principle of comity, a foreign business that deals with a US business may be subject to US law.

Group of answer choices

True

False

Flag question: Question 9Question 91pts

International law is a body of law that governs relations between and among nations.

Group of answer choices

True

False

Flag question: Question 10Question 101pts

Restrictions on imports may notinclude tariffs.

Group of answer choices

True

False

Flag question: Question 11Question 111pts

Delite Toys, Inc., makes EZ Goo, a famous child's toy. Without Delite's consent, Fast Adhesives Company begins to use "ezgoo" as part of the URL for its web site. Fast claims that no consumer would confuse the web site with the toy. Fast has committed

Group of answer choices

copyright infringement

patent infringement

trademark infringement

no actionable violation.

Flag question: Question 12Question 121pts

Stephen King reproduces Dan Brown's copyrighted work without paying royalties. King is most likely excepted from liability for copyright infringement under the "fair use" doctrine if

Group of answer choices

King uses the work to teach at class at Polk State College

King distributes copies freely to the public

King's use effects the market for Brown's work

King's use is for a commercial purpose

Flag question: Question 13Question 131pts

Rhett works at Scarlett's Sandwich Cafe. After work, in the parking lot, Rhett finds a diamond ring lost by Ashley. Title to the ring is possessed by

Group of answer choices

Rhett

Scarlett's

Ashley

the state

Flag question: Question 14Question 141pts

Homer loans his laptop to Barney for a month while Barney's is being repaired. This is

Group of answer choices

a gift

acquiring ownership by possession

a bailment

treasure troving

Flag question: Question 15Question 151pts

Moe borrows Curly's paint sprayer to paint his house. Larry allows Shemp to store his posthole digger in his shed. The party with a right to use the bailed property is

Group of answer choices

niether Moe nor Larry.

Moe and Larry.

Moe only.

Larry only.

Flag question: Question 16Question 161pts

National Ladder Company is subject to regulations issued by the Occupational Safety and Health Administration (OSHA). Like other federal administrative agencies, OSHA was created by

Group of answer choices

Congress, through enabling legislation

the Federal Trade Commission, throught the rulemaking process

the president, through executive order

the US Department of Labor, through a final order

Flag question: Question 17Question 171pts

Seafood Restaurant Company pays income and other taxes collected by the Internal Revenue Service (IRS). Like other federal administrative agencies, the IRS was created by

Group of answer choices

Congress, through enabling legislation

the courts, through the adjudicatory process

the US Constitution, through the Nineteenth Amendmenet

the US Department of Treasury, through a final order

Flag question: Question 18Question 181pts

Master Manufacturing Corporation ahs exclusive control over the market for its product. Under the Sherman Act, this is

Group of answer choices

aper seviolation.

a violation if it acquired this power through "busines acumen"

a violation if it acquired this power through "anticompetitve means."

not a violation.

Flag question: Question 19Question 191pts

Precision Press Corporation, a disk manufacturer, sells its DVDs in certain quantities to Quik Shows, a retailer, for $275 but charges Rite Views, a competitive retailer, $350. This is most likely a violation of

Group of answer choices

the Clayton Act

the Federal Trade Commission Act

the Sherman Act

no antitrust law

Flag question: Question 20Question 201pts

Miranda is a US citizen working in Europe for Tourist Vacations, Inc., a US travel agency. Tourist fires Miranda for reasons that she feels would violate US anti-discrimination laws. Those laws apply

Group of answer choices

extraterritorially

only to the signatories of the North American Free Trade Agreement

only to members of the World Trade Organization

only within US borders.

Flag question: Question 21Question 215pts

Bad Frog Brewery, Inc., sells its beer to wholesale distributors and directly to large retail chains like Publix. Its most popular beer isregular beerbecause of its great taste and high alcohol content. However, itslight beeris not so popular and has been a drag on Bad Frog profits.

To boost sales of its less popular light beer, Bad Frog conditions the sale of its regular beer on the retail buyer's agreement to buy its light beer. To get such retail buyers to cooperate with this arrangement, Bad Frog gives an extra5% trade discountfor each light beer transaction. Because the Bad Frog light beer is not as popular as the regular beer, retailers experience oversupplies of light beer. To induce customers to buy the oversupply, retailers are having to offer deep discounts on the light beer.

1. What type of arrangement between Bad Frog and its retail buyers is this?
2. What federal law applies to this arrangement?
3. Assume that Good Frog Brewery, Bad Frog's chief competitor, finds out about Bad Frog's arrangement and sues under applicable law. A. In what court would Good Frog bring its lawsuit? B. What type of damages can Good Frog seek as a remedy in the lawsuit?

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