Woddington Farms Ltd

question 17

Multiple Choice

Woddington Farms Ltd.has used its name combined with an outline of a rooster on its deli products for the past 20 years but has never registered a trademark.Would Woddington be successful in suing a competitor who attempts to use its name and symbol?

• A) no,because its trademark was not registered
• B) no,because its name and symbol cannot be the subject of a trademark
• C) yes,because an unregistered trademark receives protection under the common law
• D) yes,because the name and symbol are confidential information

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Definitions:

Liability Account

An accounting record that captures the amounts a company owes to others.

Gross Sales

represent the total sales revenue before any deductions are made for returns, allowances, or discounts.

Cash Sales

Transactions in which goods or services are exchanged immediately for cash payment.

Credit Sales

Sales made on credit, allowing buyers to pay at a later date, usually generating accounts receivable for the seller.