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Perry is a playwright.He wrote and produced an off-Broadway play about the life of Colonel Sanders,"Just a Drop in the Bucket," that closed after the third performance.Later that same year,on vacation in Los Angeles,he went to see a new production called "Fry It Anyway." Perry was appalled to discover that the play was substantially similar to his own."Fry It Anyway" becomes a big hit.What protections are available for Perry? What defenses are available against any claims Perry might make? What additional protections would be available had Perry registered under the federal Copyright Act? Discuss fully.
Nonrandom Walk
A theory suggesting that stock market prices do not follow a random path but are influenced by past movements and can thus be predicted to some extent.
Predictable Pattern
A Predictable Pattern refers to a pattern or trend in data or behavior that can be reasonably anticipated based on historical or current observations.
Efficient Market
A concept where all available information is fully reflected in asset prices, making it impossible to consistently achieve higher returns than the overall market through stock selection or market timing.
Security Prices
The current market price at which a particular security can be bought or sold.
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