Business Law II Property Chapter 19 Review Mr. Kretschmer

Classes of Property The works of an author or an artist are protected by what? A copyright

Classes of Property This is a unique word, mark, or symbol that identifies a service. Servicemark

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

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

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

True or False Intellectual property is something that is purely intangible True

Classes of Property This is commercially valuable information that the owner attempts to keep secret. Trade Secret

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

Classes of Property What is the thing that is subject to ownership? Property

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

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

Acquiring Property What is a person who gives a gift called? Donor

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

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

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

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

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

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

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

True or False Ownership in severalty exists when someone owns property by themselves. True

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

Forms of Ownership This is a type of co-ownership between husband and wife. Tenancy of the entirities

Forms of Ownership This is property that is owned by one spouse at the time of marriage. Separate Property

Any Questions? Assignment – Study for your Exam! Chapter 19 Exam next time class meets!