Pierce College Business Law Paper

Business Law-Summer 2020Exam 4
Prof. Jose Luis Fernandez
Answer each of the following questions. Please answer in an outline form as
much as possible. Avoid lengthy paragraphs.
This type of exams are graded on accuracy and thoroughness. If the question say
“explain”, “differentiate”, “identify”, “outline and explain”, et al., please do so.
Pay attention to what the question is asking.
This exam should be prepared in teams as you have done in the past. Team wok
is how you will earn the extra five points. In addition, teamwork is a sign of class
participation because it requires interaction.
Intellectual Property Rights
1. Describe Intellectual Property.
2. Explain Trademarks.
3. Briefly explain the Statutory Protection of Trademarks, Trademark
Registration, Trademark Infringement, and Distinctiveness of Trademark
and Licensing.
4. What is a patent and what is patentable?
5. Explain patent infringement.
6. What is a Copyrights and what is Protected Expression.
7. What is copyright infringement?
8. Discuss the elements under Trade Secrets.
Business Ethics
1. Discuss Global Business Ethics.
2. Why is the study of Business Ethics Important?
3. Leading companies such as Enron, and the worldwide Arthur Anderson
Accounting Firm, amongst others, were brought down by law due to their
unethical behavior of a few of its leaders. To prevent such unethical
behavior and the suffering of shareholders, because of financial losses,
discuss the four steps recommended in the Systematic Approach that could
prevent such unethical behavior and illegal behavior from its leaders.
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Business Law-Summer 2020
Exam 4
Prof. Jose Luis Fernandez
4. Discuss three issues or examples in Global Business Ethics.
International and Space Law
1. Discuss the ways in which a US domestic firm can engage in International
business transaction.
2. Discuss ways in which a nation regulates or facilitates some international
business. For example, Investment Protections, Export and Import Controls
and Minimizing Trade Barriers.
3. Provide a summary of contract clauses or provisions that should be
included in an international business contract for facilitating resolutions of
disputes.
4. Discuss Space Law.
The Entrepreneur’s Option
1. Discuss the advantages and disadvantages associated with sole
proprietorship.
2. Discuss the key differences between the rights and liabilities of general
partners and those od limited partners. What is required by Franchise Rule
and Why?
Corporations
1. Outline and describe the different classifications of corporations.
2. Discuss the differences of Common Stock and Preferred Stock.
3. Explain the concept of “piercing the corporate vail”
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