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Question
Mark owns a chain of hotels. Roby acquires a license that allows him to extend the chain under the supervision and control of Mark. This type of license is an example of a ________.
A. franchise
B. patent
C. copyright
D. patent pool
Answer
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Related questions
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Any reference to some other agreements in a note would make it non-negotiable.
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Which of the following best describes a claused bill of lading?
A. It is a bill of lading that is negotiable.
B. It is a bill of lading issued to a named consignee that is not negotiable.
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D. It is a bill of lading indicating that the goods have been properly loaded on board the carriers ship.
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Which of the following best describes a clean bill of lading?
A. It is a bill of lading that is negotiable.
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The air waybills and consignment notes used in air carriage are documents of title.
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A partial loss is known in the marine insurance industry as a particular average.
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In the marine insurance industry, a free from particular average policy provides more protection than a with average policy.
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If a vessel is sold, the lien goes with the ship, even if the new owner is unaware of its existence.
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In civil law countries, the lien exists against the owner as a debtor.
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Res is a charge or claim against a vessel, its freight, or its cargo.
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A time charterparty is a contract to hire an entire ship for a particular voyage.
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Bearer instruments are transferred by negotiation.
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A bill of lading is an instrument issued by an ocean carrier to a shipper with whom the carrier has entered into a contract for the carriage of goods.
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If a seller delivers early, ________.
A. the buyer must accept the goods and pay the money immediately
B. the right of the buyer to recover damages is lost
C. the buyer is under no obligation to take delivery
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Which of the following is true of the buyers remedies under the CISG?
A. The right to recover damages is not lost if a buyer exercises any other available remedy.
B. The right to recover can only be availed after the seller is given a period of grace in which to comply.
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In the case of a destination contract, the risk of loss passes to the buyer ________.
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Which of the following is necessitated once the passage of risk has been completed?
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B. The seller must pay monetary compensation for nonconforming goods.
C. The seller must absorb the cost of loss of goods.
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A transaction involving which of the following types of goods is most likely to be governed by CISG?
A. aircraft
B. electricity
C. negotiable instruments
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The UNs Convention on Contracts for the International Sale of Goods (CISG) differs from the Convention Relating to a Uniform Law on the Formation of Contracts for the International Sale of Goods (ULF) in that the CISG ________.
A. does not represent the legal systems of communist nations
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The doctrine of consideration does not apply to the CISG.
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Offers that do not state that they are irrevocable can be revoked any time before the offeree dispatches an acceptance.