Question 1

Trademarks can be

Accepted Answer

A trademark may be a sound.

Question 2

Smaller nations would like patent protection

Accepted Answer

Smaller nations have called for patent protection to be reduced.

Question 3

Incoterms include

Accepted Answer

A selection of Incoterms is explained in Table 6.2.

Question 4

In the antitrust area,the U.S.is concerned with the impact of the business deal on the consumer,whereas the EU is focused on the competitive structure of the marketplace,and so pays attention to its rivals.

Accepted Answer

This different focus is the case.

Question 5

Microsoft is an example of how a company can avoid multiple antitrust laws in multiple jurisdictions,thanks to equalization agreements.

Accepted Answer

Microsoft offers an example of how a company can get bogged down in these legal areas, with antitrust issues in the U.S., the EU, and China.

Question 6

Patent trolls are

Accepted Answer

Patent trolls are the patent law equivalent of ambulance chasers.

Question 7

Arbitration is a private solution that is

Accepted Answer

Non-U.S. potential litigants try to avoid the U.S. court system, as do many U.S. potential litigants.

Question 8

Enforcing contracts that cross international borders is

Accepted Answer

CISG usually applies, and arbitration is another possibility.

Question 9

The EU does not apply its competition policy beyond the EU.

Accepted Answer

The EU engages in the extraterritorial application of its competition policy.

Question 10

Usually,to assume that foreign law

Accepted Answer

Foreign law needs to be understood and is quite likely to differ from U.S. law.

Question 11

Product liability is an area of torts in which the U.S.courts can make large awards,unlike in other countries.

Accepted Answer

Other countries restrict award amounts.

Question 12

The U.S.avoids trade barriers on imports in support of free trade principles.

Accepted Answer

The U.S. applies tariffs and other trade barriers.

Question 13

Tariffs are categorized as financial and political forces,but they are usually not seen as legal forces.

Accepted Answer

Tariffs are certainly legal forces, as well. See Table 6.3.

Question 14

In the U.S.punitive damage rulings have no measureable effect on medical areas.

Accepted Answer

Just the opposite-often medical equipment and drug companies will not sell in the U.S. because they cannot obtain product liability insurance.

Question 15

A patent gives the inventor

Accepted Answer

There is some standardization in patents, and this description is accurate.

Question 16

WIPO is a

Accepted Answer

WIPO is active in developing countries and has helped them appreciate the importance of protecting intellectual property.

Question 17

Japanese cultural values suggest that in Japan,antitrust law against cartels would be strictly enforced.

Accepted Answer

The zaibatsu, Japanese conglomerate, is hampered by antitrust legislation, which was originally imposed after WWII by the U.S.

Question 18

Contingency fee cases are limited to the U.S.

Accepted Answer

This is the case. Outside the U.S., often when the defendant wins a case, the plaintiff may be charged to pay the defendant's legal fees.

Question 19

Patent treatment is standardized owing to

Accepted Answer

These organizations have the most impact on patent standardization.

Question 20

The U.S.at times applies antitrust law extraterritorially.

Accepted Answer

The U.S. Supreme Court has allowed overseas application of U.S. law.

Quiz 6: Intellectual Property Rights and Other Legal Forces