FINA 6214 Exam 3

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Terms in this set (54)
Page 11- Trade dress - Counterfeiting - Goodwill - Copyright - Copyright act of 1976Page 12- work for hire - copy right term extension act of 1998 - Rights of copy right owner - Moral rights - proper attribution - RegistrationPage 13- Defense of copy right - infringement - How do we know if something is Fair use - Patents - 3 types of patents - Conditions for patentPage 14- Advantages and disadvantages of patents - Patents reviewed - Trade secret - 3 factors in determining trade secretPage 15- Theft of trade secret - Sources on contract law - State common law contracts - Lex mercatoria law of merchants - Restatement - Definition of a contract - PromisePage 16- Binding vs non-binding - Written or oral - Bilateral vs unilateral - Elements of a contract - 3 requirements of an effective offerPage 17-Terminate an offer contract - The acceptance of a contract - ConsiderationPage 18- Promissory Estopper - Capacity of contract - Limited capacity vs no capacity - Minors and contractsPage 19- Contracts and minors - Legality - Consent - Mutual mistakePage 20- Genuinness of consent - Contracts and statute of frauds - Contract parol evidence rulePage 21- Performance of contracts - Complete performance - Substantial performance - Expectation of good faith - Assignment and delegation - Assignment - Discharge of contractsPage 22- Anticipatory - Efficient Breach - Discharge - Novation - Discharge by agreement of parties - Accord and satisfaction - Impracticability - Discharge by legal impossibilityPage 23- Remedies - Monetary damages - Liquidated damages - Punitive damages - Mitigate damages - Equitable remediesPage 24 Ch 11- The UCC - Article 2 Sale of goodsPage 25- Statute of limits - Goods, merchants, sale and titlesPage 26- Passing a title - When does the UCC rule apply - Stolen goods - Forming a sale contract - Indefiniteness and the offer - AcceptancePage 27- Statue of frauds - Failure to respond to writing - Writing in UCC doesn't have to be specific - Confirmatory memorandomPage 28Sales Contract - Parol evidence - Filling the gaps - Delivery termsPage 29- Performance and obligations - Seller - Basic obligation - Prefer tender vs substantial performance -Cure - BuyerPage 30- Duty of acceptance - Payment - Sale warranties - Warranty of title - Express warranty - 3 ways to create a warrantyPage 31- Characteristics of express warranties - Express warranty - Implicit warranty - Disclaimers - Remedies and damagesPage 32- Remedies and damages - Cover - incidental damages - consequential damages - Brief note on international sales - CISGPage 33- Forms of business organizations - Sole propritership - General partnership - Partnership agreement - duties as partners fiduciaryPage 34- Presumption of equal control - Realities of business arrangement - Termination, dissolution and winding up - Limited partnership - Certificate of limited partnershipPage 35- Limited partnership terminates - Corporation - Charters vs general incorporation statutes - Incorporation statutes - Creation - Articles of incorporation file articles - BylawsPage 36- Legal entity statutes - Close vs public corporation - Relationships of parties within corp - Shareholders - Elections for board of directors - Proxy voting - Resolutions - Owner of corp - Obligation to creditorspage 37- Board of directors - Duty of care - duty of loyalty - Business judgement rule - Fiduciary duties - ManagersPage 38- Terminating the corporation - Limited liability companies LLC - Tax advantages - How it's created - File articles - Termination - Professional corporationPage 39- professional corporations - Organizational features and considerations - limited liability - Entities with united liability - entities with limited liability - Piercing the corporate veil - Transfer of ownership interestPage 40- Publicly traded companies - Duration - Control - limited life - Perpetual existence - Business organizations - Franchise - Substantial association -2 common characteristics - 3 types of franchisesPage 41- FTC Franchise rule - disclosure -state regulations - Franchise agreementPage 42- Territorial rights - Fees and royalties - termination of franchise - Franchise examples - Downsides of franchising - Negotiable instruments - Substitues for cashPage 43- 4 types of negotiable instruments - Order to pay - Check - drafts - Promise to pay - NotePage 44- Certificate of deposiite - Negotiability - ordinary holder of instrument - Credit - Transferable or tradable - credit termsPage 45- Credit policy - credit report - credit score - Credit accounts - installment account - revolving account - open accountPage 46- Collection policy - Secured creditor - Unsecured creditor - creating security by agreement - guarantor - default by debtor - creditor - SuretyshipPage 47- repossession - Mortgages - Parties- debtor creditor - Liens - Possessory - court decreed lienPage 48- judgement lien - writ of execution - Bankruptcy - How proceeding begins - Ch 7 debtor - supervise liquidation - secured creditors - debts dischargedPage 49- cant discharge things - ch 11 used by businesses - Reorganization - ch 13 used by individuals - Non-bankruptcy alternatives - composition - extension - bank workout - AssignmentPage 50-elements of securities - negotiable financial instrument - Howie test - Securities exempt from regulation - State securities law - how do you know what is and isn't a securityPage 51- offering to investors - Truth and securities law - disclosure - how does investor get material information - the registration statement - The prospectors - schedule A - Regulation SK - Review by SECPage 52- Securities fraud - basis for securities fraud - section 11 1993 - Rule 106-5 1934 - liability for securities law violations - parties subject to suit - SEC action - Liability for misstatementsPage 53- federal exclusivity - Sarbanes Oxley act requirements - insider trading - SEC prosecution - the insider trading sanctions act - chiarella case dirks case - the insider trading sanctions act - investment company actPage 54- regulations of investment companies - registration - investment advisors - other security professionals - responsibility of clients - illegal practices - broker - dealer