The Legal Environment of Business: Text and Cases (MindTap Course List)
10th Edition
ISBN: 9781305967304
Author: Frank B. Cross, Roger LeRoy Miller
Publisher: Cengage Learning
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Chapter 8, Problem 6BCP
Summary Introduction
Case summary: A person G had applied for a patent for the invention of the rowing machine. The U.S Patent and Trade Mark Office rejected the patent application on the ground that the same invention like it already existed in the form of a “chest press apparatus” and thus stated that the rowing machine wasn’t patentable.
To e xplain: The grounds on which the denial can be reversed by means of an appeal.
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92. The Department of Financial Services may deny an application for license for which of the
The Department feels that the applicant is not responsible.
The Department has heard that the applicant is untrustworthy.
The Department has reasonable cause to believe that the applicant will write only controlled business.
The Department has been told that the applicant has committed illegal acts.
#2
I=
12. Patent Law provide temporary monopoly to inventors in exchange of:
a) publication of information that will be available for use by anyone.
b) keeping the knowledge secret from public.
c) publication of the business plan of inventor.
none of the above
88 Which of the following situations is
acceptable according to the Real Estate
Settlement Procedures Act (RESPA)?
A) A mortaage broker refers a settlement to a
borrower and discloses that the agent will
receive a portion of the settie
fee.
B) A mortgage broker refers a borrower to a
settlement attorney in exchange for free legal
services in the future
C) A mortgage lender refers a title company to a
borrower and provides a disclosure detailing the
nature of the business relationshio and the
estimated charges.
the title company.
D) A mortgage lender refers a real estate broker
to a borrower after giving the borrower a
prequalification, and the lender receives a
portion of the real estate broker's commission.
Chapter 8 Solutions
The Legal Environment of Business: Text and Cases (MindTap Course List)
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