In Bohnsack V

question 35

Multiple Choice

In Bohnsack v. Varco, inventor Bohnsack discussed selling an invention to Varco for it produce but no agreement was reached. Bohnsack later claimed Varco stole the idea and filed for a patent on the idea. He sued. The courts held that:

• A) Varco's patent was invalid due to possible theft of information
• B) Bohnsack's invention was public information so was not a secret and could not be patented
• C) Varco owed Bohnsack damages for misappropriation of a trade secret
• D) Bohnsack would collect treble damages under Wisconsin's Uniform Trade Secrets Act
• E) none of the other choices

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Definitions:

Willingness

The readiness or propensity of an individual to engage in a particular action or to accept a certain offer.

Law of Demand

A fundamental principle stating that, ceteris paribus, as the price of a good increases, the quantity demanded of that good decreases, and vice versa.

Product Price

The cost for which a single item or service is sold to consumers, which can consider production, marketing, and distribution expenses.

Quantity Demanded

The total amount of a good or service that consumers are willing to purchase at a given price.