In the Passport Video Case, Various Holders of Intellectual Property

question 22

Multiple Choice

In the Passport Video case, various holders of intellectual property sued Passport for its production and sale of The Definitive Elvis. Which of the following statements are true?

• A) The trial court found that Passport Video "substantially transformed" the various sound and video clips of Elvis performances owned by the plaintiff.
• B) The trial court found that Passport Video was entitled to fair use.
• C) The appellate court found that the trial court did not clearly abuse its discretion in not finding fair use by Passport.
• D) The appellate court found that the trial court abused its discretion in the way it applied the four-part test for fair use.

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Definitions:

Registration Statement

A legal document filed with securities regulatory authorities disclosing important details about a company’s operations, securities, and management, primarily for the public and investors.

Management Buyout

An acquisition where a company's existing managers acquire a large part or all of the company from the current owners.

Corporate Stock

Equity securities issued by corporations, representing ownership in the company and rights to its profits.

Public

The general population or community at large, often referenced in the context of public services, spaces, or interests.