Unit 6 Quiz

​​No individual or business is given unlimited rights to any of their properties.

• True
• False

Most people do not own some sort of personal property.

• True
• False

The whole purpose behind intellectual property is products of human intellect should be given the same protective rights as physical property.

• True
• False

When a business or individual has the rights to intellectual property they can apply for a patent, copyright, or trademark.

• True
• False

Trade secrets are a way for businesses to keep certain things classified.

• True
• False

Patents are good for 10 years and then you have to renew them.

• True
• False

Trademarks are good indefinitely and are extremely important to businesses and organizations.

• True
• False

​​Every state has the same property laws when it comes to ownership and transfers of property.

• True
• False

If you infringe on intellectual property you can be charged with criminal charges.

• True
• False

A valid gift requires a donor, donee, identifiable thing, intention to donate, and delivery.

• True
• False