Bill and Martha are married. They own a large plot of land together. When Bill dies:

• Martha owns the entire property.
• Martha owns half the property.
• The property is relinquished.
• None of the above

More Explanation: A second type of ownership is tenancy by the entirety, in which a husband and wife own property in an undivided interest, also with the right of survivorship.

What is the primary difference between fee simple determinable and fee simple subject to a condition subsequent?

• Fee simple determinable has unlimited duration.
• The grantor may choose whether or not to take back the property in fee simple subject to a condition subsequent.
• The grantor may choose whether or not to take back the property in fee simple determinable.
• Only fee simple determinable has conditions which may revert the property back to the grantor.

Which of the following would not allow use of a competitors trade secret?

• Utilizing published literature
• Reconnaissance of a competitors processes
• Reverse engineering
• Scientific research

more context: In the competitive nature of business, firms often try to discover the trade secrets of other businesses. The Uniform Trade Secrets Act allows for the discovery of secrets through reverse engineering, self-invention, or reading published literature. However, if the trade secret is obtained illegally, through espionage or employee theft, a misappropriation has occurred. In that case, the culprit may be enjoinedstoppedfrom using the information or profiting therefrom or be required to pay money damages for lost profits. Additionally, any profits made by the guilty party must be returned to the rightful owner of the trade secret.

Orlando works for a manufacturing company in its research and development division. After years of research and testing, Orlando finally discovers the secret to a competitors efficient manufacturing process. Which of the following is true?

• Orlandos company can use the secret but must pay its competitor for lost profits.
• Orlandos company can be shut down if it uses the secret.
• Orlandos company may legally use the secret.
• Orlandos company can be enjoined if it tries to use Orlandos discovery.