Types of Property
Intellectual Property
Contracts
Main Types of Bailments
Owning a vehicle
100
One who makes/offers a gift/
What is a donor?
100
Distinct mark, symbol or slogan used by a business to identify and distinguish its gods from products sold by others.
What is a trademark?
100
Proposal by one party to another party to enter into a contract.
What is the offer?
100
When property is transferred to another person without either party giving or asking for payment. Also recognized as "favors."
What is a gratuitous bailment?
100
The true interest rate of a the loan.
What is APR? Annual Percentage Rate?
200
Land and anything that is permanently attached to it.
What is real property?
200
Exclusive rights granted to the author or creator of original work, including the right to distribute and adapt the work.
What is copyright?
200
The legal ability to enter into a contract.
What is capacity?
200
You are going away for the weekend and your brother has agreed to watch your dog, free of charge! Which type of bailment is this?
What is Bailment for Sole Benefit of the Bailor?
200
According to the FTC, this rule requires that all used car dealers must place a large sticker called a Buyer's Guide in the window of each used vehicle they offer for sale.
What is the Used Car Rule?
300
Something that has substance and can be touched such as cd players, vehicles and eern foo on the table.
What is tangible personal property?
300
A set of exclusive rights granted by a state (national government) to an inventor or their assignee for a limited period of time
What is a patent?
300
Taking back of an offer by the offeror.
What is revocation?
300
In a mutual-benefit bailment, the bailee owes a duty to use _____________ ____________, or the degree of care that a _____________ person would use in this situation.
What is reasonable care?
300
This insurance covers damage to your vehicle when it is in an accident and pays for vehicle repars, regardless of who was at fault.
What is Collision insurance?
400
An original work fixed in a tangible medium of expression.
What is intellectual property?
400
A person who wrongfully keeps the lost property of another or knowingly possesses stolen property.
What is a tortious bailee?
400
Acceptance that changes the terms of the original offer and terminates the offer.
What is counteroffer?
400
When a person fails to use the care that a reasonable person would use under the same circumstances.
What is ordinary negligence?
400
Protects the insured against claims or lawsuits for injuries or death caused by negligence.
What is bodily injury liability insurance?
500
Jeremy was taking a walk in his neighborhood when he approached someone's home who had a young child's bicycle on the curbside ready for garbage pickup. Jeremy is considering taking the bike home for his child. Can he do this? Give a legal principle to back up your answer!
What is Abandoned Property?
500
Mrs. Smith is a 4th grade teacher. She is always looking online for new lesson activities. She has just found a worksheet dealing with fractions and decimals online that someone else has already copyrighted and published. She would like to use the worksheet to help educate her students but doesn't know if she can legally copy the activity. Can Mrs. Smith legally make several copies? What is the legal principle for your decision.
Yes! What is the Fair Use Doctrine?
500
A contract stated in words is a(n) ___________ _____________. A contract that comes from the actions of the parties is a(n) _________________ __________.
What is express contract? What is an implied contract?
500
When you have a bailment for Sole Benefit of the Bailor, the bailee owes duty to only use __________ _________, as the bailee is receiving no benefit from the arrangement. They are only required to refrain from ___________ ________________.
What is slight care? What is gross negligence?
500
Under your car insurance policy the two numbers 100/300 represent what?
What is bodily injury coverage for any one person in an accident and coverage for all parties injured in any one accident. In thousands!!!!