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True or False
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1
Jane and Adam own property as tenants in common. When Adam dies his interest in the property passes to Jane.
A)True
B)False
2
A briefcase found in an airport passenger waiting area would be considered mislaid property.
A)True
B)False
3
A sunken ship from 1865 is found by Treasure Searchers Inc. on the coast of South Carolina. South Carolina owns the sunken ship.
A)True
B)False
4
The first $750 of interest income of a child under the age of fifteen is not taxed.
A)True
B)False
5
Stolen property was given to a church. The church must return the property to the true owner.
A)True
B)False
6
Biology Labs develops a new variety of cotton plant by crossing existing varieties. Biology may obtain a patent on this plant.
A)True
B)False
7
An innocent patent infringement is subject to an injunction but not damages.
A)True
B)False
8
A joint owner of a patent cannot sell his or her interest without the consent of the other joint owner.
A)True
B)False
9
A printed multiplication table that goes to 1,000 x 1,000 may not be patented.
A)True
B)False
10
Trademark registration is good for twenty years at a time.
A)True
B)False





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