St.

Anthony’s College Business Education Department

San Jose de Buenavista, Antique 2nd Semester AY 2019-2020
Final Examination AEC 216- Regulatory Framework
and Legal Issues in Business

Answer the following concisely:

1. When an agent acts within the scope of his authority, is the principal liable for obligations
contracted by the agent? Why or why not? Is there any liability of the agent? (10pts.)
2. When can an agent advance funds necessary to carry out the agency even if the business
undertaking was not successful. Is the principal bound to reimburse the agent? (5pts.)
3. If two or more persons have made the inventions separately and independently of each other,
to whom shall the right to patent shall belong.? (10pts.)
4. Mr Abad works as a research computer engineer with the computer technology government
agency. When not busy with his work but during office hours, he developed a software program
for law firms that will allow efficient monitoring cases, which software program is not at all
related to his work. Assuming the program is patentable, who has the right over the patent?
(10pts.)
5. What is meant by infringement in competing trademark and what determines it? (5pts.)
6. What can be the subject of copyright? Is the format of a television show copyrightable ? why or
why not? (10pts.)
7. Mr. Tan, an associate executive in a multinational comp[any, wrote a news paper publisher a
letter disputing a columnists claim about an incident in the executive’s family. Mr Tan used the
company’s letterhead and its computer in preparing the letter. Tan also requested the
company’s messenger to deliver the letter to the publisher. Who owns the copyright to the
letter. Why? (10pts)