Examlex

Solved

Chelsea,a 22-Year-Old,is Addicted to Heroin

question 37

Multiple Choice

Chelsea,a 22-year-old,is addicted to heroin.She frequently steals items to resell in order to get money to support her addiction.One day she takes her grandmother's $825 Social Security check and signs the grandmother's name on the back.She then gives the check to Freddie,her boyfriend,who agrees to try to cash it.At the bank the teller becomes suspicious of Freddie when he presents the check.The teller refuses to cash the check and summons the bank security guard.The guard detains Freddie until the police arrive.The most serious offense Chelsea has committed is:

Comprehend the principles of trade secret protection and the requirements for maintaining such protection.
Identify and understand the legal nuances in disputes over gifted property.
Understand the criteria necessary for patent eligibility and the rights granted by patents.
Describe the legal concept of trade dress and its protection under trademark law.

Definitions:

Calendar Year

A one-year period that begins on January 1 and ends on December 31, used for most general and financial purposes.

Fiscal Year

A 12-month period that a company or government uses for accounting purposes and preparing financial statements.

Cash Basis

An accounting method where revenues and expenses are recorded when they are actually received or paid, not when they are incurred.

Generally Accepted Accounting Principles

A set of accounting standards, principles, and procedures that companies use to compile their financial statements.

Related Questions