Week 3 Knowledge Check Study Guide
Concepts

Mastery

Agreement, consideration,

Score: 18 / 18

Questions

100%

1

2

3

100%

4

5

6

Intellectual property

100%

7

8

9

Personal property

100%

10

11

12

Real property

100%

13

14

15

100%

16

17

18

and capacity
Remedies for breach of contracts Mislaid, lost, or abandoned property

Concept: Agreement, consideration, and capacity
Mastery

100%

Questions

1

2

3

1.
What is true about the acceptance of a contract?

A. It is effective only once it has reached the offeror, whether or not it has been properly dispatched by the offeree. B. It must not support the mirror image rule.
C. It must be an unequivocal acceptance, without conditions or exceptions.

D. It cannot be …show more content…
A. Fair use doctrine
B. Res ipsa loquiter
C. Lanham doctrine
D. Misrepresentation doctrine

Correct:
The Correct Answer is: A.
The fair use doctrine permits a certain amount of unauthorized use of copyrighted work. Some of the instances that are protected by the doctrine include using a quote from copyrighted work for criticism, using copyrighted material to produce satire, or using the material for a brief quotation in a news report.

Concept: Personal property
Mastery

100%

Questions

10

11

12

10.
Identify the true statement about personal property.

A. Personal property does not include items that are captured, purchased, or gifted.

B. Personal property can also be intangible.
C. Personal property includes only real property.
D. A single piece of personal property cannot be owned by two individuals at the same time.

Correct:
The Correct Answer is: B.
Personal property comprises both tangible and intangible items. Examples of intangible property are copyrights and patents.
11.
Sandra is having her home renovated. Despite the specifications she has given the contractors, they add a door to separate her kitchen from her living room. Since Sandra likes the look, she does not ask them to change it. She also does not pay them extra, since the door was added by them, mistakenly. Which of the following terms best explains why Sandra has a right to the added feature without paying for it?

A. Accession
B. Confusion
C. Mislaid