Bcor 2301 final exam Study guides, Class notes & Summaries
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BCOR 2301 Final Exam Questions and Answers Latest Updates 2024 Already Passed
- Exam (elaborations) • 40 pages • 2024
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BCOR 2301 Final Exam Questions and 
Answers Latest Updates 2024 Already Passed
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BCOR 2301 Final Exam Chapters 7, 24, 35 | Questions and Correct Solutions | Latest Update 2024/2025 | Graded A+
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BCOR 2301 Final Exam Chapters 7, 
24, 35 | Questions and Correct 
Solutions | Latest Update 
2024/2025 | Graded A+ 
Intellectual property (IP) - Answer -any property resulting from 
intellectual and creative purposes 
Trademark - Answer -a distinctive word, symbol, sound, or design that 
identifies the manufacturer as the source of particular goods and 
distinguishes its products from those made or sold by other companies 
- Under common law, the person who used a symbol or mark to identify 
a b...
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BCOR 2301 FINAL EXAM QUESTIONS WITH CORRECT ANSWERS|100% verified
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BCOR 2301 FINAL EXAM QUESTIONS WITH CORRECT ANSWERS 
Consideration CORRECT ANSWER Something of value received or promised to convince a person to make deal. 
 
Legally Sufficient Value CORRECT ANSWER Something of value in the eyes of the law. 
 
Forbearance CORRECT ANSWER Refraining from an action that you have a legal right to undertake. 
 
Bargained-For Exchange CORRECT ANSWER The basis for a bargain struck between or among the contracting parties. Not a gift! 
 
Where is a consideration lacki...
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BCOR 2301 Final Exam Questions and Answers Latest Updates 2024 Already Passed
- Exam (elaborations) • 40 pages • 2024
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BCOR 2301 Final Exam Questions and 
Answers Latest Updates 2024 Already Passed
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BCOR 2301 Final Exam Chapters 7, 24, 35 | Questions and Correct Solutions | Latest Update 2024/2025 | Graded A+
- Exam (elaborations) • 10 pages • 2024
- Available in package deal
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BCOR 2301 Final Exam Chapters 7, 
24, 35 | Questions and Correct 
Solutions | Latest Update 
2024/2025 | Graded A+ 
Intellectual property (IP) - Answer -any property resulting from 
intellectual and creative purposes 
Trademark - Answer -a distinctive word, symbol, sound, or design that 
identifies the manufacturer as the source of particular goods and 
distinguishes its products from those made or sold by other companies 
- Under common law, the person who used a symbol or mark to identify 
a b...
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Final Exam (BCOR 2301) | Questions and Correct Solutions | Latest Update 2024/2025 | Graded A+
- Exam (elaborations) • 33 pages • 2024
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Final Exam (BCOR 2301) | Questions 
and Correct Solutions | Latest 
Update 2024/2025 | Graded A+ 
Consideration - Answer -The value given in return for a promise or 
performance in a contractual agreement. 
1. Something of LEGALLY SUFFICIENT VALUE must be given in exchange 
for the promise. 
2. There must be a BARGAINED-FOR-EXCHANGE. 
Legal Sufficient Value - Answer -Something of value in the eyes of the 
law; may be: 
- Promise [to do something] 
e.g. pay supplier upon receiving goods 
- Perfor...
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Final Exam (BCOR 2301) Questions and Answers
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Final Exam (BCOR 2301) Questions and Answers 
 
Consideration 
The value given in return for a promise or performance in a contractual agreement. 
 
1. Something of LEGALLY SUFFICIENT VALUE must be given in exchange for the promise. 
 
2. There must be a BARGAINED-FOR-EXCHANGE. 
Legal Sufficient Value 
Something of value in the eyes of the law; may be: 
 
- Promise [to do something] 
e.g. pay supplier upon receiving goods 
 
- Performance [of an action otherwise not obligated to] 
e.g. providin...
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BCOR 2301 final Exam / Revised Questions and Answers / Sure A+
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a mark can be registered if - (1) it is currently in commerce 
(2) the applicant intends to put the mark into commerce w.i. 6 months 
America Invents Act (2011) - First person to file an application for a patent on a product or 
process will receive patent protection 
NOT first person who obtains actual patent. 
9 month statute of limitation from time patent application is filed to bring suit for patent 
infringement. 
Arbitrary trademarks - involve common words not ordinarily associated with th...
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BCOR 2301 Final Exam Chapters 7, 24, 35 WITH VERIFIED ANSWERS 2023
- Exam (elaborations) • 7 pages • 2023
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Intellectual property (IP) 
any property resulting from intellectual and creative purposes 
 
 
 
Trademark 
a distinctive word, symbol, sound, or design that identifies the manufacturer as the source of particular goods and distinguishes its products from those made or sold by other companies - Under common law, the person who used a symbol or mark to identify a business or product was protected in the use of that trademark 
 
 
 
 
Lanham Act of 1946 
federal statute enacted in part to protect...
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Final Exam (BCOR 2301) | Questions and Correct Solutions | Latest Update 2024/2025 | Graded A+
- Exam (elaborations) • 33 pages • 2024
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Final Exam (BCOR 2301) | Questions 
and Correct Solutions | Latest 
Update 2024/2025 | Graded A+ 
Consideration - Answer -The value given in return for a promise or 
performance in a contractual agreement. 
1. Something of LEGALLY SUFFICIENT VALUE must be given in exchange 
for the promise. 
2. There must be a BARGAINED-FOR-EXCHANGE. 
Legal Sufficient Value - Answer -Something of value in the eyes of the 
law; may be: 
- Promise [to do something] 
e.g. pay supplier upon receiving goods 
- Perfor...
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