Consider the Following Items

question 11

Multiple Choice

Consider the following items:
a. the novel "A Gentleman in Moscow" by Amor Towles
b. the "The Spirited Shipper," an innovative wine shipping box
c. a Swiss chef's award-winning recipe
d. an original fabric design, for example, the fabric used for "Coach" bags and luggage
Which of the items listed is an example of intellectual property?

• A) a and b only
• B) a, b, and c
• C) a and d only
• D) all of the items listed

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Definitions:

FTC Rule 433

Known as the "Holder in Due Course" rule, it protects consumers entering into a credit transaction by preserving their right to assert claims against the seller, even when the debt is sold to a third party.

HDC

Holder in Due Course; a term used in the Uniform Commercial Code referring to a person who acquires a negotiable instrument in good faith and for value, thus obtaining certain rights.

Consumer's Contract

An agreement between a buyer and seller detailing the terms of a purchase, often including rights, responsibilities, and warranties specific to consumer transactions.

Valid Defense

A legally acceptable reason or argument presented in a court to counter the allegations made in a lawsuit.