What copyrights are, how to obtain them, and how they differ from trademarks

Name:                                                                         PMU ID:                                            

Course: Legal Environment of Business

Final Exam – Spring 2021

Number of Exam Pages                                 Time Allowed                           

Note: All exam questions are corrected in accordance with the attached rubrics. Same rubrics are followed across all section of the course.

1. Describe how the common law – legal model/system differs from the civil law – legal model/system. Identify some of the better-known nations with both systems. (15%)

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2. Define ethics and explain the importance of good ethics for business people and

business organizations. Explain how both individuals and institutions can be viewed as ethical or unethical. (20%)

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3. Explain the basic ways to carry on business: what are the legal forms of business?

(15%)

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4. Define contract and explain what constitutes a valid legal agreement? (20%)

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5. What copyrights are, how to obtain them, and how they differ from trademarks? (20%)

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6.ZYCOO, known as a perfume manufacturer made fantastic floral-scented fragrance that quickly became very popular product. Consumers associated the floral scent with ZYCOO and repeatedly asked for spin-off products, such as home air fresheners and bath products. ZYCOO consulted its in-house counsel about whether it could register a trademark in the scent.(10%)

How should in-house counsel advise the manufacturer?

1. The manufacturer may register the scent because consumers’ opinions about the scent are positive.
2. The manufacturer may not register the scent because the scent is essential to the use of the perfume.
3. The manufacturer may not register the scent because scents cannot be protected with a trademark.
4. The manufacturer may register the scent because it is source-identifying.