WEEK 10 QUIZ 1

QUESTION 1

A college professor copies seven chapters from a book called “How to Get Better Grades—A Creative Approach to College Success!” There are ten chapters in the book. She incorporates this material into a packet that is printed in her college’s copy center. The packet is then placed on the required materials list for students to purchase and is sold in the local book store. The author of the book believes the professor has violated his copyright.
a.
The author is not correct. Under the “fair use doctrine,” a college professor can copy material and distribute it to students for educational purposes.
b.
The author is right. The professor should not have copied the chapters and placed them for sale in the bookstore.
c.
The author is technically correct. However, even though an infringement occurred, he cannot sue the professor since educational personnel are exempt from liability under copyright law.
d.
The author is not correct. It does not appear that the professor actually made any money from the alleged copyright infringement.
3.5 points

QUESTION 2

A patent is available for an idea as well as a tangible application.
True

False

3.5 points

QUESTION 3

Andy’s business is not able to pay its debts, and the prospects for its finances to improve are slim. Andy decides not to continue the business. In this case, Andy should file a voluntary petition for which type of bankruptcy?
a.
Chapter 11.
b.
Chapter 12.
c.
Chapter 13.
d.
Chapter 7.
3.5 points

QUESTION 4

Martina developed a new type of apple tree which could be reproduced through grafting. She cannot protect her rights in this tree by obtaining a plant patent since the tree cannot be reproduced by planting its seeds.
True

False

3.5 points

QUESTION 5

A copyright is valid for 28 years after it is obtained and can be renewed for another 28 years.
True

False

3.5 points

QUESTION 6

Agnes plans to file for bankruptcy under Chapter 7. 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 he is not an insider.
b.
cannot cancel the payment to Joe because it is payment for an existing debt.
c.
can cancel the payment to Joe as a voidable preference.
d.
can cancel the payment to Joe as a fraudulent transfer.
3.5 points

QUESTION 7

A design patent protects the appearance of an item and is valid for 14 years.
True

False

3.5 points

QUESTION 8

In Chapter 11 bankruptcy, only the debtor may propose plans of reorganization.
True

False

3.5 points

QUESTION 9

A color cannot be trademarked since it cannot be kept from use by other businesses.
True

False

3.5 points

QUESTION 10

Grand Lighting Co. has filed a petition for voluntary bankruptcy under Chapter 7 of the Code. Which of the following will prohibit creditors from collecting debts that Grand Lighting incurred before the petition was filed?
a.
an automatic stay
b.
a proof of claim
c.
a discharge statement
d.
a voluntary petition