T/F Business Law CH8-10 Review- Over Contracts

A famous trademark may be diluted only by the unauthorized use of an identical mark

One element that normally must exist for a person to be convicted of a crime is the performance of a prohibited act.

Corporate officers and directors may be held criminally liable for the actions of employees under their supervision

As a general rule, the adequacy of the consideration is relevant in a contract

Federal law permits the sending of unsolicited commercial email and does not prohibit spamming activities

All contracts involve promises and every promise is a legal contract

An agreement includes an offer and an acceptance

Employers can monitor employee's electronic communications made in the ordinary course of business

Trademarks may be registered only with the federal government

The sanctions imposed of criminal wrongdoers are the same as those applied in civil cases

An unenforceable contract is a contract in which one or both of the parties of avoiding their legal obligations

A court imposes a quasi contracts to avoid one party's unjust enrichment at another's expense

An exception to liability for copyright infringement is made under the "fair use" doctrine

The crime of bribery occurs when the bribe is offered- it is not required that the bribe be accepted

A unilateral contract involves performance instead of promises

An express contracts is one in which the terms are fully stated in words

Consideration in contract terms refer to a party's competency to enter into a contract

Counterfeit goods copy or otherwise imitate trademarked goods, and they are in fact sometimes genuine trademarked goods

An oral contracts is an implied contract

More than 200 hundreds years ago, the Declaration of Independence recognized the importance of protecting creative works

Formal contracts are contracts between parties who are in formal relationships- employer-employee relationships