Yanni's Yachts Has Created a Specially Designed Awning for Its

question 14

Multiple Choice

Yanni's Yachts has created a specially designed awning for its boats.Yanni's did not patent the awning.Dream Boats purchased one of Yanni's boats and then copied the awning from the boat it purchased from Yanni.

• A)Dream Boats has appropriated a trade secret.
• B)Dream Boats has appropriated a patent because a patent need not be registered to be valid.
• C)Dream Boats has misappropriated Yanni's awnings.
• D)none of the above

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Definitions:

Capital Balances

The amount of equity owned by investors or owners in a company or fund.

Net Loss

The amount by which total expenses exceed total revenues in a given period, indicating a financial loss for the business.

Salary Allowance

A predetermined amount of compensation allocated for salaries, possibly including additional benefits or allowances.

Profit Share

The portion of a company's profits allocated to employees or partners as a bonus or incentive.