Under Common Law, to Enjoin a Competitor from Continuing the Use

question 41

True/False

Under common law, to enjoin a competitor from continuing the use of a trade secret, or to recover damages caused by the use of the secret, a plaintiff must prove that the defendant acquired it through unlawful means.

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Definitions:

Premium on Bonds Payable

The amount by which the bond's selling price exceeds its face value.

Paid-In Capital

The amount of money raised by a company in exchange for shares of its stock, including both the par value of the stock and amounts in excess of par value.

Contract Rate of Interest

The contract rate of interest is the fixed interest rate specified in a debt instrument or loan agreement that the borrower must pay to the lender.

Common Stock

Common stock is a type of security that represents ownership in a corporation, with holders usually having voting rights and receiving dividends.