LWB 257 Midterm 1

subject Type Homework Help
subject Pages 3
subject Words 292
subject Authors Barry S. Roberts, Richard A. Mann

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The FTC has the power to seek in a federal district court a preliminary injunction,
pending completion of administrative proceedings, whenever the agency has reason to
believe that a person has been violating FTC rules.
The purpose of the Office of Federal Contract Compliance Programs is to require
affirmative steps to provide opportunities for handicapped people in federal programs.
Design patents grant the holder a fourteen-year monopoly.
The effect of a 'secondary meaning' is that it may make a mark distinctive enough to
allow it to be protected by the Lanham Act.
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Jones signed a 90-day note promising to pay $1,000 plus interest. The note states that
interest is to be based on a variable, published rate external to the note. The sum the
borrower must repay is uncertain, so the note is not negotiable under Revised Article 3.
The statute of frauds applies to executory contracts only.
Define "promoter" in reference to a corporation.
The part performance exception to the statute of frauds in many states requires both that
the transferee has paid a portion of the purchase price and has either taken possession of
the real estate or has started to make valuable improvements on it.

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