Business Law IIBusiness Law II

PropertyProperty

Chapter 19 ReviewChapter 19 Review

Mr. KretschmerMr. Kretschmer

Classes of PropertyClasses of Property

The works of an author or an artist The works of an author or an artist are protected by what?are protected by what?

A copyrightA copyright

Classes of PropertyClasses of Property

This is a unique word, mark, or This is a unique word, mark, or symbol that identifies a service. symbol that identifies a service.

ServicemarkServicemark

True or FalseTrue or False

Infringement is the unauthorized Infringement is the unauthorized copying, sale, display, or copying, sale, display, or performance of a work.performance of a work.

TrueTrue

Classes of PropertyClasses of Property

This is the exclusive right to make, This is the exclusive right to make, use, and sell a novel or new, use, and sell a novel or new, nonobvious, useful product or nonobvious, useful product or process. process.

PatentPatent

Classes of PropertyClasses of Property

A word, mark, symbol, or device that A word, mark, symbol, or device that identifies a product of a particular identifies a product of a particular manufacturer or merchant is called manufacturer or merchant is called this. this.

TrademarkTrademark

True or FalseTrue or False

Intellectual property is something Intellectual property is something that is purely intangiblethat is purely intangible

TrueTrue

Classes of PropertyClasses of Property

This is commercially valuable This is commercially valuable information that the owner attempts information that the owner attempts to keep secret. to keep secret.

Trade SecretTrade Secret

True or FalseTrue or False

Mr. Kretschmer can photocopy Mr. Kretschmer can photocopy copyrighted items for one-time use in copyrighted items for one-time use in his classroom. his classroom.

TrueTrue

Classes of PropertyClasses of Property

What is the thing that is subject to What is the thing that is subject to ownership?ownership?

PropertyProperty

Acquiring PropertyAcquiring Property

What kind of property is intentionally What kind of property is intentionally placed somewhere but then placed somewhere but then forgotten?forgotten?

MislaidMislaid

Acquiring PropertyAcquiring Property

What is the state of a person who What is the state of a person who dies without a will?dies without a will?

IntestateIntestate

Acquiring PropertyAcquiring Property

What is a person who gives a gift What is a person who gives a gift called?called?

DonorDonor

Acquiring PropertyAcquiring Property

What kind of property is unknowingly What kind of property is unknowingly left or accidentally dropped by the left or accidentally dropped by the owner?owner?

LostLost

Acquiring PropertyAcquiring Property

What is a shift of physically What is a shift of physically possession of property to the new possession of property to the new owner?owner?

DeliveryDelivery

Acquiring PropertyAcquiring Property

What is the right of an owner of What is the right of an owner of property to an increase in that property to an increase in that property?property?

AccessionAccession

Acquiring PropertyAcquiring Property

What is acquiring of title by taking What is acquiring of title by taking possession of property that belongs possession of property that belongs to no one else?to no one else?

OccupancyOccupancy

True or FalseTrue or False

A person who receives a gift or A person who receives a gift or property is called a donee?property is called a donee?

TrueTrue

Acquiring PropertyAcquiring Property

What kind of gift is made when the What kind of gift is made when the donor expects to die soon?donor expects to die soon?

ConditionalConditional

Forms of OwnershipForms of Ownership

What attribute of co-ownership What attribute of co-ownership allows either co-owner to require the allows either co-owner to require the division of the property among the division of the property among the co-owners?co-owners?

Right of PartitionRight of Partition

True or FalseTrue or False

Ownership in severalty exists when Ownership in severalty exists when someone owns property by themselves.someone owns property by themselves.

TrueTrue

True or FalseTrue or False

Community property is property that Community property is property that both spouses own a one-half interest. both spouses own a one-half interest.

TrueTrue

Forms of OwnershipForms of Ownership

This is a type of co-ownership This is a type of co-ownership between husband and wife. between husband and wife.

Tenancy of the entiritiesTenancy of the entirities

Forms of OwnershipForms of Ownership

This is property that is owned by one This is property that is owned by one spouse at the time of marriage. spouse at the time of marriage.

Separate PropertySeparate Property

Any Questions?Any Questions?

Assignment – Study for your Exam! Assignment – Study for your Exam!

Chapter 19 Exam next time class Chapter 19 Exam next time class meets! meets!