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Legal Environment of Business
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FINAL Exam
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Spring 2012
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Name: _Ahmet Emre Kuzudisli____
1. How long copyrights are valid?
The term of copyright for a particular work depends on several factors. Copyright protection may be affected if the copyright has been published, and, if so, the date of first publication. Generally, for works created after January 1, 1978, copyright protection lasts for the life of the author or copyright owner plus an additional 70 years. For example, if the author is now age 21 and lives 75 more years, copyright protection would last for 145 years.
2. Land Use Regulation: The government may take private property for public use
under the power of __________ eminent domain______.
3. Briefly describe the Securities Act of 1933 vs. the Securities Act of 1934.
The 1933 Act requires that, before offering or selling securities, the issuer must register the securities with the SEC, unless the securities qualify for an exemption.
When an issuer registers securities, the SEC does not investigate the quality of the offering.
Applies to