Indicate whether each of the following statements is true or false by writing T or F in

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Indicate whether each of the following statements is true or false by writing T or F in the answer column.
1. A contract in which an employee agrees not to work for a competitor for a reasonable period of time is unenforceable. 1. _________
2. A buyer who purchases a business from a seller receives title to the physical assets but does not gain the goodwill of the business. 2. _________
3. A complex, highly specialized accounting and budgeting software program not intended for widespread distribution would likely be considered a trade secret. 3. _________
4. There is no set time limit on the legal protection available for trade secrets. 4. _________
5. It is illegal for a software producer to require that a user register his or her ownership with the producer. 5. _________
6. Ownership of a trademark is typically noted by using the letter O in a circle. 6. _________
7. Trademark registrations are issued by the U. S. Patent and Trademark Office of the Department of Commerce. 7. _________
8. The Green Giant is an example of a trade name. 8. _________
9. Words or terms that become a common part of the language are referred to as generic.
9. _________
10. The law relating to trademarks applies equally to the law relating to domain names on the web. 10. _________
11. The Anti-Cybersquatting Consumer Protection Act of 1999 makes cyber-squatting illegal even if the cybersquatter acts in good faith. 11. _________
12. Since a copyright covers only an expression in words, works of art cannot be protected under copyright law. 12. _________
13. An infringement is a special form of design patent. 13. _________
14. A person who profits from unauthorized use of a patented invention is liable to the patent holder for all profits resulting from such unauthorized use and for any other penalties provided by the patent laws. 14. _________
15. The courts have ruled that genetically engineered life forms are not patentable. 15. _________
Goodwill
Goodwill is an important concept and terminology in accounting which means good reputation. The word goodwill is used at various places in accounting but it is recognized only at the time of a business combination. There are generally two types of...
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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