Blaw

Question 1

Misappropriation

Answer 1

Improperly acquire/disclose information

Question 2

Uniform Trade Secrets Act

Answer 2

Knowledge leads to economic value/ kept secret

Question 3

Years

Answer 3

Utility: 20 years
Design: 18 years
Plant: 20 years

Question 4

Requirements for a patent

Answer 4

Validity ( subject matter )
Novelty
Nonobviousness
Utility

Question 5

Copyright length

Answer 5

Authors life + 70 years

Question 6

S corp

Answer 6

No more than 100 shareholders, pass through

Question 7

Avoid double taxation

Answer 7

Reasonable salaries, loans, expense accts

Question 8

Securities act of 1933

Answer 8

Info to investors @ IPO

Question 9

Securities act defenses

Answer 9

Materiality: false info has no impact on decision making

Due diligence: reasonable investigation of financials was conducted

Statute of limitations: civil/criminal liability

Question 10

Securities Exchange Act of 1934

Answer 10

No insider trading,

Anti-fraud provision

Question 11

Materiality

Answer 11

Proof of intention to deceive

Question 12

Sarbanes-Oxley Act of 2002

Answer 12

Revamp SEC,
Oversight board,
Whistleblowing provision

Question 13

Dodd-Frank Act

Answer 13

High regulation on banks,
Ends bailouts,
Reforms federal reserve,
Post financial crisis