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- 1. A invested P100,000 in a corporation. How much is the income? Group of answer choices P100,000 P25,000 P30,000 None 2. What is the jurisdiction of the Commissioner of Internal Revenue as regards the interpretation of Tax Laws? Group of answer choices Concurrent Original Concurrent Appellate Exclusive Appellate Exclusive Original 3. It includes any gain from the sale or exchange of property which is not a capital assets. Group of answer choices Ordinary Income Gross Income Gain on Sale of Assets Net Income 4. Shares of stocks traded in stock exchanges are not taxable Group of answer choices True False1a. What are the general principles of consumer protection? 1b. Discuss the nature of and parties in a consumer protection suit. Who can bring a suit and why? 1c. Who is held accountable under the consumer protection laws?TRUE OR FALSE. Write True if the statement is true. Otherwise, write false.1. Business advertisement is a valid offer.2. Deaf-mutes have no capacity to give consent.3. Fraud voids a contract.4. If B gives his consent due to A’s threat of exposing his marital affairs, there will be nocontract because consent is vitiated.5 Exaggerations in trade are not fraudulent
- 31 - Which of the following bear only the obligations of being a trader?A) Government official who has established a commercial enterprise although it is prohibited to engage in commercial activitiesB) A pharmacist operating a pharmacy without the permission of the Ministry of Health.C) A 15-year-old person who runs a business on his behalf, even partiallyD) A 25-year-old person who runs a business on his behalf, even partiallyE) A person who acts with third parties in good faith on behalf of a company that does not exist legallyA Question of Ethics—Copyright Infringement.Custom Copies, Inc., prepares and sells coursepacks,which contain compilations of readings for collegecourses. A teacher selects the readings and delivers asyllabus to the copy shop, which obtains the materialsfrom a library, copies them, and binds the copies. Blackwell Publishing, Inc., which owns the copyright to some of the materials,filed a suit, alleging copyright infringement. Custom Copies fileda motion to dismiss for failure to state a claim. [ Blackwell Publishing, Inc. v. Custom Copies, Inc., 2006 WL 1529503(N.D.Fla. 2006)] (See Copyrights.)(a) Custom Copies argued, in part, that creating and sellingdid not “distribute” the coursepacks. Does a copy shopviolate copyright law if it only copies materials for coursepacks? Does the copying fall under the “fair use” exception? Should the court grant the defendant’s motion?Why or why not?(b) What is the potential impact of copying and selling a bookor journal without the permission of, and…In your role working as a paralegal or legal assistant for eHarbour, draft a memorandum to Daniel Hudson, the eHarbour general counsel, on how best to protect eHarbour’s intellectual property. Specifically, discuss the steps and benefits of safeguarding eHarbour’s intellectual property through: (1) registration of proprietary software developed by eHarbour with the U.S. Copyright Office; (2) applying for a registered trademark for the eHarbour name with the U.S. Patent and Trademark Office; and (3) protecting trade secrets with password protection and software encryption. (Please include introduction, conclusion and references)