Michael Opened a New Bakery

question 22

Multiple Choice

Michael opened a new bakery. He had always admired the cute, friendly face of the Pillsbury Doughboy so as a tribute to Pillsbury, he decided to use it as his company's logo. Not long after Pillsbury sued him for:

• A) corporate liability.
• B) trademark infringement.
• C) profit minimization.
• D) patent infringement.

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Definitions:

Stock Price

The cost of purchasing a share of a company, determined by supply and demand in the stock market.

Disseminated

Refers to the action of spreading information, knowledge, or data widely.

Privately Held Companies

Businesses whose ownership is private, meaning their shares are not traded on public stock exchanges and are typically owned by the company's founders, management, or a group of private investors.

Federal Regulation

The body of law created by the federal government of a country to govern activities, enforced by executive agencies and interpreted by courts.