Question

In: Economics

6_A void contract is of no legal effect. True or false 7_Trade Name Dilution is lessening...

6_A void contract is of no legal effect. True or false

7_Trade Name Dilution is lessening the capacity of a famous mark to identify and distinguish goods. True or False

8_Equity is a justice system based on fairness; provides relief other than merely money damages. True or False

9_Lewis, a minor, sold her indoor exerciser to Francis, an adult. Francis then resold the exerciser to Beacon, a good-faith purchaser. Beacon’s title is

a)Valid

b)void

c)unenforceable

d)voidable

10_Verdict is a response of defendant to a complaint. True or False

Solutions

Expert Solution

6) TRUE

  • A void contract is of no legal effect is a true statement.
  • This is because a void contract cannot be enforced by the law.
  • An example of void contract is deal between drug dealers.

7) TRUE

  • The given statement Trade Name Dilution is lessening the capacity of a famous mark to identify and distinguish goods is a true statement.
  • Blurring and tarnishments are two famous dilutions.

8) TRUE

  • The given statement Equity is a justice system based on fairness; provides relief other than merely money damages is a true statement.

9) Option A - Valid

  • Lewis, a minor, sold her indoor exerciser to Francis, an adult. Francis then resold the exerciser to Beacon, a good-faith purchaser. Beacon’s title is valid.

Thanks


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