Question 1: International law includes all of the following except:
A. The law of sovereign foreign countries
B. Foreign custom and religious law
C. Private contracts between parties in different states in the United States
D. International treaties and conventions
Question 2: Political risk is not affected by a weak or volatile rule of law
A. True
B. False
Question 3: Which of the following is not a required element for a valid contract in the United States
A. offer
B. acceptance
C. price
D. consideration
Question 4: The Statute of Frauds:
A. requires parties to attest that they are honest
B. mandates that parties must have legal capacity to enter a contract
C. turns a contract into a criminal case if fraud is present
D. requires that some contracts be in writing in order to be enforced
Question 5: A counter offer is a rejection of the offer.
A. True
B. False
Question 6: All of the following are defects that would trigger strict liability except:
A. customer using the product incorrectly
B. design defect
C. manufacturing defect
D. warning defect
Question 7: Which of the following is a legitimate subject matter for a patent?
A. a mathematical formula
B. a business process
C. products of nature
D. printed material
Question 8: Which of the following is not a factor in determining whether a trademark is inherently distinctive:
A. usefulness
B. fanciful
C. arbitrary
D. suggestive
Question 9: Trade secret disclosure suits can be filed with the USPTO.
A. True
B. False
Question 10: Business policies are usually inconvenient restrictions and a business hindrance.
A. True
B. False