IP & Bankruptcy

Question 1

What is the name of the current federal bankruptcy law?

Answer 1

Bankruptcy Abuse Prevention & Consumer Protection Act of 2005

Question 2

Bankruptcy liquidation is found in ___________ of the Bankruptcy Code

Answer 2

Chapter 7

Question 3

If a business wants to file for bankruptcy to allow it to reorganize and emerge as a going business, it would file under ________________.

Answer 3

Chapter 11

Question 4

The rehabilitation form of bankruptcy that can be filed by an individual is found in __________ of the Bankruptcy Code

Answer 4

Chapter 13

Question 5

What does the 2005 Act require an individual filing for bankruptcy to receive before it files a petition?

Answer 5

Pre-Petition Counseling

Question 6

If an attorney represents a debtor in a bankruptcy proceeding, and the information in one of the schedules is wrong, what kind of punitive measures can be ordered against the attorney by the court?

Answer 6

Fined & Sanctioned

Question 7

Property that can be retained by a debtor in a bankruptcy case is called

Answer 7

Exempt Property

Question 8

In terms of intellectual property law, tell what category of IP does Product formula fall under?

Answer 8

Trade Secrets

Question 9

In terms of intellectual property law, what category of IP does Movie scripts fall under?

Answer 9

Copyright

Question 10

In terms of intellectual property law, what category of IP do customer lists fall under?

Answer 10

Trade Secrets

Question 11

In terms of intellectual property law, what category of IP do newspapers fall under?

Answer 11

Copyright

Question 12

In terms if intellectual property law, what category of IP do machines fall under?

Answer 12

Patent

Question 13

In terms if intellectual property law, what category of IP do processes fall under?

Answer 13

Patent

Question 14

In terms if intellectual property law, what category of IP do asexually reproduced plants fall under?

Answer 14

Patent

Question 15

If I steal a trade secret, am I subject to civil penalties, criminal penalties, neither, or both?

Answer 15

Civil penalties

Question 16

Why was the Court of Appeals for the Federal Circuit in DC created?

Answer 16

To hear patent appeals in order to promote uniformity in patent law

Question 17

Where must all patent applications be filed?

Answer 17

United States Patent & Trademark Office

Question 18

How long does a patent last on an article of manufacture?

Answer 18

20 Years

Question 19

GATT stands for ______________

Answer 19

General Agreement on Tariffs & Trade

Question 20

WTO stands for ______________

Answer 20

World Trade Organization

Question 21

For patents, the U.S. follows the “first to ___________” rule.

Answer 21

invent

Question 22

If I write an opera, do I have to put a © on it to protect my copyright?

Answer 22

No

Question 23

Where do I register a copyright?

Answer 23

United States Copyright Office

Question 24

If I copy a small part of a novel for a paper I’m writing for a college class, am I violating copyright law?

Answer 24

No.

Question 25

What if I use an article by an industrial safety expert for s motion I’m drafting at a law firm? Is that a violation?

Answer 25

Yes.

Question 26

What’s the difference between my copying/using an article written by an auto accident expert and the opinion written by the court in an auto accident case in terms of copyright law?

Answer 26

Opinion of the court is allowed by the Fair Use Doctrine. Auto expert article would be copy right infringement.

Question 27

DMCA stands for ____________

Answer 27

Digital Millennium Copyright Act

Question 28

With what office are trademarks registered?

Answer 28

United States Patent & Trademark Office

Question 29

For what period of time is a trademark registration valid?

Answer 29

10 years. Unlimited renewal every 10 years.

Question 30

What is the legal significance of putting TM or SM on a mark?

Answer 30

No significance.