Difference between personal and real property

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Questions

1. You own a company. Your marketing director tells you that customers respond positively to safety messages and that aggressive safety claims should be increased in advertising. You remember from Business Law that safety messages may increase liability. What is your decision on advertising? State your reasons.

2. A lease creates rights and obligations of the tenant. State the most important rights and obligations of a tenant. State the reason for their importance.

3. Your own a successful restaurant using recipes from your grandparents. You decide to protect your grandparent's recipes by treating them as trade secrets, rather than protecting the recipes as patents. State the reasons for your decision and your procedures to protect the recipes

4. Property can be jointly owned by two or more persons. Explain the positives and negatives of joint ownership. Use the terms "tenancy in common" and "joint tenancy" in your answer.

5. Property can be a personal property or real property. Explain the difference between personal and real property, give examples to support your explanation; and explain "fixtures.

Reference no: EM133276276

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