Examlex
A surety cannot assert the principal debtor's bankruptcy as a defense to avoid liability on the debtor's obligation.
Intangible Assets
Assets that are not physical in nature, such as copyrights, patents, and trademarks, which have value for a business.
Patent
An exclusive right granted for an invention, which allows the patent holder to exclude others from making, using, or selling the invention for a certain period of time.
Intangible Assets
Assets that lack physical substance but are still valuable due to the rights or information they provide, such as patents, copyrights, and trademarks.
Trademark
A symbol, word, or phrase legally registered or established by use as representing a company or product.
Q9: Community Construction Corporation offers to buy from
Q13: Thirty-one days before filing a petition in
Q15: Norma Jean files for Chapter 7 bankruptcy.
Q16: An employee's resignation must be the foreseeable
Q28: Custom Cabinets & Carpentry Company has a
Q29: Rice River Farms offers to sell Sensei
Q40: Consumer Credit, Inc. (CCI), lends $1,000 to
Q62: Commercial Credit Company has in its possession
Q69: Under the principle of comity, one nation
Q72: A debtor's vehicle is never exempt from