ReSA: The Reuieu School af Accountancg page S of S

/ Ii. The employer, if the inve'ntion rs the result of the pefformance of his regularly
assigned duties, unless there rs an agreement to the contrary.
' a. Only I is correct
b. Only iI is correct
c. Both I and Ii are correct
d. Neither I nor II are correct

i' t5. Statement L: 'I'he DgAllra[cy Jest rn determining traclemark infringement focuses on the
similarity of the prevailing features of the competing trademarks vvhich might cause
i

confusion or deception, and thus, infrrngement.

Statement 2: The Holistic Test entails a consrderation of the entirety of tlre marks as applied
tr: the products, in?luding-the labels and packaging in cJetermining confusing similarity.
a. Both statements are true
b. Both statements are false
c. Only statement I is true
d. Only statement 2 is true
t f6. X came up with a new way presenting a telephone directory in a mobi,e phone, which he
dubbed as the "iTel" and which uses lesser time for locating names and telephone numbers.
May X have his *iTel" copyrighted in hrs name? (2011 Bar)
a. No, because it is a mere system or method.
b. Yes, because it is an original creatron.
c. Yes, because it entailed the applrcatron of X's intelle,:t.
d" No, because it did not entart ar:'y aoplrcation of X's intellect.
i' L7. T is the registered trademark c;!nei- of "CROCOS" which he uses on hrs ready-to-wear
clothes, Banking on the popularty cf T's trademark, B came up wrth hrs own "CROCOS"
mark, which he then used fcr- hrs "CROCOS" burgers. T now sues B for trademark
infringement but B argues that hrs product is a burger, hence, there is no infringement. Is B
Correct (2010 Bar)?
a. Nc, since the owner of a ''veli-knc.\ri ma-( .eqrstereli :n the Philippines has rights that
extend ev?ir :'l diSSimiiar krnds :.: _c-1f,CS
b. YeS, Si;rCe :il€ - gh: OF the Olvner C' a r.;eii-<rCnn .rar( regiStered rn the Philippir-reS
does not extend tc goods rvhrch are not cf the s3l:rE 1;n6.
c, . -Yes--as E lilas ln-F.ad faith rn cor:r'rng-Up llr.thrhls.qlrEjfs(E9s1_r-ngrk.
d. No, since unllke T, he did not register "CROCOS" mark foi-hr-s prbduc1.
i: 18. Statement 1: Insicler tradrng ts the buyrng and sel',n; o'se. ili es r\.:rr;e ,n the possessiorl of
a material, non-publrc rnformation

Statement 2: An rnsider in insider ti-ading mears t'-.e issuer, a director or officer of the
issuing corporation or a constructrve insrder,
a. Both statements are true
b. Both statements are false
c. Only statement 1 is true
d. Only statement 2 is lrue
i-i l-9. Statement 1: Securities issued or guaranteecl by the Government of the Philippines, or by
any political subdivision or agency thereof or by any person controlled or supervised by, ancl
acting as an instrumenfality of the government are exempt securities.

Statement 2: Any security issued by a bank except its own shares of stock are likerryise
exempt securities.
a^ Both statements are true
b. Both statements are false
c. Only statement 1 is true
d. Only statement 2 is true
20. What is the objective or rationale behind the SRC?
'n
lr
a. To protect the investing public against sale or disposition of worlhless securities.
b. To encourage the issuance of various investment products.
c. To diversify investment class in the market.
d. To regulate the issuance of securities.

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