LAW 693 Test 1

subject Type Homework Help
subject Pages 3
subject Words 475
subject Authors Frank B. Cross, Roger LeRoy Miller

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page-pf1
An action may be legal but not ethical.
Answer:
Market power is the ability of a firm to enter a given market.
Answer:
The first person to invent a product obtains the patent rights rather than the first person
to file an application for a patent.
Answer:
A contract will be discharged if supervening circumstances make it impossible to attain
the purpose both parties had in mind when they made the contract.
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Answer:
The management of Sweet Soft Drinks Corporation, a U.S. firm, wants to expand into
foreign investment and employment markets. They are considering eiÂther opening
their own production facility in a foreign country or enterÂing into a licensing
agreement with a foreign firm. What are the advanÂtages and disadvantages of each of
these courses of action?
Answer:
The term fiduciary is at the heart of agency law.
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Answer:
The law does not restrict the 'fair use' of methods for the circumvention of encryption
software or other technological antipiracy protection for educational and other
noncommercial purposes.
Answer:
Section 10(b) of the Securities Exchange Act of 1934 and SEC Rule 10b-5 apply just to
corporate 'insiders.'
Answer:

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