Aunt Juliet Wants to Know Whether or Not to Register

question 50

Multiple Choice

Aunt Juliet wants to know whether or not to register her trademark. Which of the following is true with regard to registration of trademarks?

• A) Registration of the trademark would give her exclusive use of that mark nationwide even if she does not market her wares nationwide.
• B) If she does not register her trademark under the Trademark Act, she will have no legal protection of her mark.
• C) Trademarks can only consist of socially acceptable symbols or logos. Words and expressions must seek copyright protection.
• D) Registration gives her the right to use her mark for her life plus fifty years.
• E) A registered trademark is required for a passing-off action.

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Definitions:

Net Income

The total profit of a company after all expenses and taxes have been subtracted from total revenue.

Cash Dividends

The distribution of profits by a corporation to its shareholders in the form of cash.

Statement of Cash Flows

A financial report that shows how changes in balance sheet accounts and income affect cash and cash equivalents, dividing activities into operating, investing, and financing activities.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against an asset from the time it was put into use to the current date.