Which of the Following Is True About Misappropriation of Trade

question 66

Multiple Choice

Which of the following is true about misappropriation of trade secrets?

• A) Any form of a valid patent is required in order to recover.
• B) Any form of a valid trademark is required in order to recover.
• C) Any form of both a valid trademark and valid patent are required in order to recover.
• D) A valid trademark and patent registered with the Trade Secret Office in Washington, D.C. are required in order to recover.
• E) Neither a valid trademark nor a valid patent, regardless of form, is required in order to recover.

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Definitions:

Financial Lease

A type of lease in which the lessee has use of an asset through most of its useful life and the lease payments cover the original cost of the asset plus interest, resembling a loan purchase.

Lessor

The party in a lease agreement who owns the leased asset and grants the lease to the lessee in exchange for periodic payments.

Leveraged Lease

A lease agreement wherein the lessee uses borrowed funds to lease an asset, allowing for tax benefits and potential gains on the lease.

Nonrecourse Basis

Financing or loans where the lender's only assurance for repayment is the borrower's collateral, with no personal liability on the borrower's part.