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problem 1: Your wallet is stolen from your hotel room whereas you are using the recreational facilities. The hotel is liable:

a) No matter what the condition is as it in effect acts as an insurer against theft of yours goods.
b) If the wallet was stolen by an employee.
c) If it refused to accept your wallet for safekeeping in the hotel vault.
d) Both b and c.

problem 2: Which of these is not true regarding an insurance policy?

a) The application is the offer; the issuing of a policy is the acceptance.
b) A renewal notice automatically extends the contract.
c) Ambiguous clauses will be interpreted strictly against the insurer.
d) All the above are true.

problem 3: The way in which ideas are expressed might be protected as a:

a) Copyright
b) Trademark
c) Patent
d) Industrial design

problem 4: Under registration under the suitable legislation, the longest-running protection is given to register:

a) Copyrights
b) Trademarks
c) Patents
d) The protection is similar for all the intellectual property.

problem 5: The confidential information is protected by:

a) Intellectual property law.
b) Laws of licensing and imposition of fiduciary duties.
c) Enforcement by the courts of restrictive covenants.
d) Both b and c.

Business Law & Ethics, Finance

  • Category:- Business Law & Ethics
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