Answer:
C. possession utility
Explanation:
The explanation can be justified by the definition of these terms.
<em>Possession utility </em>is a term used to refer the value that the company offers to the consumers if they purchase or use the product in the way that the company made it for - similar with the feature of products. In general, it is the perceived value from the products.
Meanwhile: Knowledge utility is created from the increase in knowledge of the consumers about the product. This applies to the customers. Form utility is created when there is change in the shape or forms of products. Place utility is about making goods and services accessible to the potential consumers. And price utility is about making products affordable with customers and reasonable with the value it offers.
Answer:
1. Protection to trade secrets and patents:
a. Trade secrets are protected indefinitely. Generally, patents are granted for a maximum of 20 years.
b. The owner of a trade secret does not need to pay annual fee to defend the secret. A patent holder is required to pay an annual fee, in order to make the patent enforceable.
2. Important defense for defendants in trade secret cases that is not available to patent infringement defendants:
The defendant in a trade secret case will cite that the secret is still commercially valuable. But a patent holder cannot cite this because the patent is granted for a maximum of 20 years to stop stifling innovation.
Explanation:
Both trade secrets and patents are intellectual property rights which confer on their owners the exclusive use of their intellectual property. The major differences are in the duration and the defense of the rights. Patents, unlike trade secrets, do not last forever. Patents, again unlike trade secrets, must be defended periodically through the payment of fees.
Answer:
a. Prepare the journal entries to record the share issuances.
- Dr Cash 500,000
- Cr Preferred stocks 200,000
- Cr Additional paid in capital - preferred stocks 300,000
- Dr Cash 160,000
- Cr Common stocks 160,000
b. Prepare the journal entry for the issuance of the common stock assuming that it had a stated value of $10 per share.
- Dr Cash 160,000
- Cr Common stocks 80,000
- Cr Additional paid in capital - common stocks 80,000
c. Prepare the journal entry for the issuance of the common stock assuming that it had a par value of $2 per share.
- Dr Cash 160,000
- Cr Common stocks 16,000
- Cr Additional paid in capital - common stocks 144,000
Answer:
d. Debra will prevail, as Ted is bound to the contract
Explanation:
Options are <em>"a. Ted will prevail because Debra was a minor when the contract was formed b. the contract is illegal c. the contract is void d. Debra will prevail, as Ted is bound to the contract"</em>
The general rule is that a minor can enter into any contract an adult can, provided that the contract is not one prohibited by law for minors such as the sale of alcoholic beverages or tobacco. Debra is a minor (below age of 18) and she can honor the contract or make it Void. Since she did not make it Void the contract, Ted is bound to the contract as per the Contract Act. So, Debra can recover because Ted was bound to the agreement. Hence, the correct answer is <u>Debra will prevail, as Ted is bound to the contract</u>.