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irakobra [83]
3 years ago
14

Billy opens a bicycle shop that sells an innovative new kind of bicycle. He decides to call the bicycles Bicycles. Billy extensi

vely markets his product, has a high sales volume and becomes well known for selling Bicycles. The term Bicycle is
A. automatically protected against trademark infringement.
B. receives no protection against trademark infringement.
C. can be registered as a trademark to obtain protection against trademark infringement.
D. can be registered as a certification mark
Business
1 answer:
Contact [7]3 years ago
5 0

Answer:

Option B is correct because the first thing is we can not register it as trademark because the requirement to register trademark is:

  • It must be in use And
  • Must be distinctive.

In this case the word bicycle is not distinctive. The word distinctive in law means that the item must be different from something else either in nature or type.

Option A is incorrect as the word bicycle is not distinctive, so it can not be registered. And if it can not be registered then it can not be protected against trademark infringement.

Option C is also incorrect as this word does not meets the requirements of trademark registration.

Option D is also incorrect because certification mark are logos of products to make the quality or nature of product clear.

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Joann wants to save for her daughter's education. Tuition costs $10,000 per year in today's dollars. Her daughter was born today
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Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Joann wants to save for her daughter's education. Tuition costs $10,000 per year in today's dollars. Her daughter was born today and will go to school starting at age 18. She will go to school for 4 years. She can earn 11% on her investments and tuition inflation is 6%.

First, we must find the cost of the tuition for 18 years and so on from now.

FV= PV*(1+i)^n

FV= 10,000*(1.06)^18= 28,543.39

Year 2= 28,543.39*1.06= 30,256

Year 3= 30,256*1.06= 32,071.36

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Now, we can calculate the annual deposit:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Isolating A:

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A= (124,966.39*0.11)/[(1.11^18)-1]= $2,479.69

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