What duty does a business owe to all its customers?

• To provide security personnel on the property

• To inspect for danger and take reasonable steps to make the property safe

• To allow customers to trespass without consequence

• To ignore any dangers on the property

What distinguishes lost property from misplaced property?

• The intention of the owner

• The location where the property is found

• The value of the property

• The condition of the property when found

A patent gives an inventor the exclusive right to which of the following?

• The ability to profit from their invention.

• The ability to prevent others from making, using, offering for sale, or selling the invention.

• The ability to prevent others from learning the secrets of the invention.

• All of the above.

What is the “bargain theory”?

• A theoretical justification for patents

• A theoretical justification for res ipsa loquitur

• A theoretical justification for caveat emptor

• All of these

• None of these

The “bargain” theory argues which of the following?

• In exchange for inventing something useful, society gives the inventor the exclusive right to their invention for a limited time.

• The product of mental labor should be the property of its creator.

• Government negotiates with inventors to determine the value of an invention.

• None of the above.

Which two public policy goals are served by granting patent rights?

• By protecting the property rights of inventors, the wellsprings of creation do not dry up for lack of incentive.

• Patent rights ensure equal treatment for all.

• From each according to their ability, to each according to their need.

• The public interest is served by disclosing the details of the invention and thereby promoting the progress of the nation.

Through which of the following means do patents promote knowledge sharing?

• To get a patent, inventors must disclose the secrets of their inventions.

• Patents represent the world’s greatest library of technical knowledge.

• Innovators keep up with technical trends by reading other inventors’ patents.

• All of the above.

Which of the following is NOT a requirement for patent eligibility?

• Novel.

• Revolutionary.

• Non-obvious.

• Useful.

What is the purpose of a patent?

• To grant inventors unlimited rights to their creations

• To prevent others from profiting from an invention

• To encourage innovation by granting exclusive rights for a limited time

• To promote international trade by recognizing inventors' rights globally

A primary goal of patent law is to:

• Incentivize innovation by allowing inventors to profit from their creations

• Promote progress through public disclosure

• Both of these are goals

• Neither of these are goals