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Loretta opens a candy shop on Main Street. Concerned about potential liability serving food to the public, she incorporates her business. After a few months, she fails to follow the manufacturer’s suggestions and refrigerate her fudge. As a result, every mother in town falls ill after eating gifts of fudge on Mother’s Day. If a mother who became sick sues, Loretta will only be liable up to the limits of what she invested in the business because she incorporated and thus shielded herself from personal liability.

Non-use of a mark in commerce for 3 consecutive years is evidence of abandonment of a mark.

All of the following will terminate an agency relationship, except:

To avoid a court “piercing the corporate veil,” businesses should do all of following except:

The most complex form of business to establish is a:

In a negligence action, a plaintiff may seek damages as a result of which of the following?

If businesspeople had to personally conduct all their business, the scope of their activities would be severely curtailed. The use of agents (or agency), solves this problem.

Companies hope that their trademark is used so often that it becomes a common way of referring to any similar product in that category.

What does the reasonable person standard impose on a person in a negligence lawsuit?

A statute of limitations places an absolute limit on when a lawsuit may be filed–regardless of when the defect is discovered.